File #: 24-0413    Version: Name:
Type: City Resolution Status: Passed
File created: 5/8/2024 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 6/18/2024 Final action: 6/18/2024
Title: Subject: Housing Accelerator Fund From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Authorizing A $10 Million Unsecured Recourse Loan To The Housing Accelerator Fund To Establish A Fund To Finance Affordable Housing Acquisition And Rehabilitation, And Allocating Measure U Bond Funds For This Purpose; (2) Authorizing And Allocating $30 Million In Measure U Bond Funds For Permanent Financing To Take-Out These Acquisition And Rehabilitation Loans; And (3) Making Related California Environmental Quality Act Findings
Sponsors: Housing And Community Development Department
Attachments: 1. View Report And Attachment A And B, 2. View Legislation, 3. 90308 C.M.S.

Title

Subject:                     Housing Accelerator Fund

From:                                          Housing And Community Development Department

Recommendation: Adopt A Resolution (1) Authorizing A $10 Million Unsecured Recourse Loan To The Housing Accelerator Fund To Establish A Fund To Finance Affordable Housing Acquisition And Rehabilitation, And Allocating Measure U Bond Funds For This Purpose; (2) Authorizing And Allocating $30 Million In Measure U Bond Funds For Permanent Financing To Take-Out These Acquisition And Rehabilitation Loans; And (3) Making Related California Environmental Quality Act Findings