File #: 24-0040    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 1/24/2024 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 2/20/2024 Final action: 2/20/2024
Title: Subject: Funding For New Construction Affordable Housing Pipeline And Modifying Resolutions For State Funding From: Housing And Community Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution (1) Allocating Measure U Housing Bond Funds In A Total Amount Not To Exceed $22,000,000 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, (2) Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Without Returning To Council, Contingent On Funding Availability, And (3) Modifying Allocations Of Prior California Department Of Housing & Community Development’s (CA HCD) Local Housing Trust Fund Awards To Comply With State Program Requirements
Sponsors: Housing And Community Development Department
Attachments: 1. View Report Attachments A And A1-3, 2. View Legislation, 3. View Supplemental Legislation - 2/15/2024, 4. View Supplemental Attachment A3- 2/15/2024, 5. View Supplemental Memo - Bas & Jenkins 2/15/2024, 6. View Supplemental Legislation - Bas & Jenkins 2/15/2024, 7. 90118 C.M.S.
Related files: 24-0042, 24-0043, 24-0041

Title

Subject:                     Funding For New Construction Affordable Housing Pipeline And Modifying Resolutions For State Funding

From:                                          Housing And Community Development Department

Recommendation: Adopt The Following Pieces Of Legislation:

 

1) A Resolution (1) Allocating Measure U Housing Bond Funds In A Total Amount Not To Exceed $22,000,000 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, (2) Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Without Returning To Council, Contingent On Funding Availability, And (3) Modifying Allocations Of Prior California Department Of Housing & Community Development’s (CA HCD) Local Housing Trust Fund Awards To Comply With State Program Requirements