City of Oakland - File #: 003731b

• File #: 003731b
• Version: 1
• Name: Palm Court Housing Development
• Type: ORA Resolution
• Status: Passed
• File created: 7/7/2003
• In control: Meeting of the Oakland City Council
• On agenda: 7/22/2003
• Final action: 7/29/2003
• Title: 2 ORA)Adopt an Agency Resolution amending Resolution No. 01-17 C.M.S. passed March 6, 2001, to authorize (1) conversion of the $112,000 Affordable Housing Development Loan to the East Bay Habitat for Humanity for the Fruitvale Avenue Homes Project at 2662 Fruitvale Avenue to a forgivable loan; (2) an increase in the maximum household income for resale units from 60% to 90% of the area median income; (3) extension of the affordability period from 10 years to perpetuity; and (4) amendment of the Disposition and Development Agreement in accordance with the above; and

Date	Ver.	Action By	Action	Result
7/29/2003	1	Meeting of the Oakland City Council
7/22/2003	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass

Title

2 ORA)Adopt an Agency Resolution amending Resolution No. 01-17 C.M.S. passed March 6, 2001, to authorize (1) conversion of the $112,000 Affordable Housing Development Loan to the East Bay Habitat for Humanity for the Fruitvale Avenue Homes Project at 2662 Fruitvale Avenue to a forgivable loan; (2) an increase in the maximum household income for resale units from 60% to 90% of the area median income; (3) extension of the affordability period from 10 years to perpetuity; and (4) amendment of the Disposition and Development Agreement in accordance with the above; and

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