City of Oakland - File #: 12-0011

• File #: 12-0011
• Version: 1
• Name: East 14th Affordable Housing Project
• Type: City Resolution
• Status: Passed
• File created: 8/23/2012
• In control: Meeting of the Oakland City Council
• Final action: 10/2/2012
• Title: Subject: East 14th Affordable Housing Project From: Department Of Housing And Community Development Recommendation: Adopt A Resolution Amending A $1,517,000 Loan To East 14th Street Housing Associates For The Hismen Hin-Nu Terrace Affordable Housing Project To 1) Extend The Maturity Date From June 7, 2019 To June 7, 2043, 2) Convert The Loan Into A Residual Receipts Loan, And 3) Reduce The Interest Rate From 6% To 3%

Date	Ver.	Action By	Action	Result
10/2/2012	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Adopted	Pass
9/11/2012	1	*Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass

Title

Subject:      East 14^th Affordable Housing Project

From:            Department Of Housing And Community Development

Recommendation:   Adopt A Resolution Amending A $1,517,000 Loan To East 14^th Street Housing Associates For The Hismen Hin-Nu Terrace Affordable Housing Project To 1) Extend The Maturity Date From June 7, 2019 To June 7, 2043, 2) Convert The Loan Into A Residual Receipts Loan, And 3) Reduce The Interest Rate From 6% To 3%