City of Oakland - File #: 18-1752

• File #: 18-1752
• Version: 1
• Type: City Resolution
• Status: Passed
• File created: 4/29/2019
• In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
• On agenda: 5/21/2019
• Final action: 5/21/2019
• Title: 2) A Resolution (1) Authorizing An Additional Unsecured Predevelopment Loan In The Amount Of $3,532,000 To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of Affordable Housing On Parcel A At Brooklyn Basin, And Amend Existing Predevelopment Loans To 0% Interest, (2) Authorizing A Secured Affordable Housing Development Loan In An Amount Not To Exceed $29,775,000, To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of 254 Units Of Affordable Housing On Parcel A At Brooklyn Basin, (3) Appropriate $2,003,436.22 In Master Developer Fee Contributions And Interest Earnings And $9,984,957.25 In Net Sales Proceeds From The OHA Purchase Of An Ownership Interest In The Affordable Housing Parcels Into Development Financing Of The Affordable Housing Units For Development Of Both Parcel A And Parcel F, And (4) Making CEQA Findings For This Action
• Related files: 18-1751

Date	Ver.	Action By	Action	Result
5/21/2019	1	Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board	Adopted	Pass
5/14/2019	1	*Special Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
5/2/2019	1	*Rules & Legislation Committee	Scheduled

Title

2) A Resolution (1) Authorizing An Additional Unsecured Predevelopment Loan In The Amount Of $3,532,000 To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of Affordable Housing On Parcel A At Brooklyn Basin, And Amend Existing Predevelopment Loans To 0% Interest, (2) Authorizing A Secured Affordable Housing Development Loan In An Amount Not To Exceed $29,775,000, To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of 254 Units Of Affordable Housing On Parcel A At Brooklyn Basin, (3) Appropriate $2,003,436.22 In Master Developer Fee Contributions And Interest Earnings And $9,984,957.25 In Net Sales Proceeds From The OHA Purchase Of An Ownership Interest In The Affordable Housing Parcels Into Development Financing Of The Affordable Housing Units For Development Of Both Parcel A And Parcel F, And (4) Making CEQA Findings For This Action