File #: 22-0057    Version: Name:
Type: City Resolution Status: Passed
File created: 1/31/2022 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 3/1/2022 Final action: 3/1/2022
Title: Subject: Resolution To Authorize Section 108 Funds From: Housing And Community Development Department Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt A Resolution Authorizing The City Administrator To (1) Apply For, Accept, And Appropriate Funds From The United States Department Of Housing And Urban Development (HUD) Under The Section 108 Loan Guarantee Program For Approximately $34 Million, Not To Exceed Five Times The City’s Current Community Development Block Grant Less Outstanding Section 108 Loans And Commitments; (2) Award Section 108 Funds To Projects Without Returning To Council; And (3) Prepare And Submit To HUD A Substantial Amendment To The City’s 2021/22 Annual Action Plan To Include A Summary Of Section 108 Planned Activities
Attachments: 1. View Report And Attachment A, 2. View Legislation, 3. View Supplemental Legislation - 2/25/2022, 4. 89056 CMS

Title

Subject:                     Resolution To Authorize Section 108 Funds

From:                                          Housing And Community Development Department                                          

Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt A Resolution Authorizing The City Administrator To (1) Apply For, Accept, And Appropriate Funds From The United States Department Of Housing And Urban Development (HUD) Under The Section 108 Loan Guarantee Program For Approximately $34 Million, Not To Exceed Five Times The City’s Current Community Development Block Grant Less Outstanding Section 108 Loans And Commitments; (2) Award Section 108 Funds To Projects Without Returning To Council; And (3) Prepare And Submit To HUD A Substantial Amendment To The City’s 2021/22 Annual Action Plan To Include A Summary Of Section 108 Planned Activities