File #: 18-2383    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 10/22/2019 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 11/19/2019 Final action: 11/19/2019
Title: Subject: Predevelopment Loan Authorization For 1707 Wood Street From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Enter Into Two Unsecured Predevelopment Loans Not To Exceed A Combined Total Amount Of $650,000 From The Affordable Housing Trust Fund (Fund 1870); One Loan To Midpen Housing Corporation And One Loan To Habitat For Humanity East Bay/Silicon Valley, Inc. To Support The Development Of Affordable Housing At The City-Owned Property Located At 1707 Wood Street Between 18th And 20th Streets; And Making California Environmental Quality Act Findings For This Action
Attachments: 1. View Report, 2. 87930 CMS

Title

Subject:                      Predevelopment Loan Authorization For 1707 Wood Street

From:                                           Housing And Community Development Department

Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Enter Into Two Unsecured Predevelopment Loans Not To Exceed A Combined Total Amount Of $650,000 From The Affordable Housing Trust Fund (Fund 1870); One Loan To Midpen Housing Corporation And One Loan To Habitat For Humanity East Bay/Silicon Valley, Inc. To Support The Development Of Affordable Housing At The City-Owned Property Located At 1707 Wood Street Between 18th And 20th Streets; And Making California Environmental Quality Act Findings For This Action