City of Oakland - File #: 18-2383

• File #: 18-2383
• Version: 1
• 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

Date	Ver.	Action By	Action	Result
11/19/2019	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Adopted	Pass
11/12/2019	1	*Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
10/24/2019	1	*Rules & Legislation Committee	Scheduled

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