City of Oakland - File #: 05-0466-2-1

• File #: 05-0466-2-1
• Version: 1
• Name: Annual Performance and Evaluation Report
• Type: City Resolution
• Status: Passed
• File created: 12/29/2005
• In control: Meeting of the Oakland City Council
• On agenda: 2/7/2006
• Final action: 2/7/2006
• Title: Subject: Annual Performance and Evaluation Report From: Community and Economic Development Agency Recommendation: Adopt A Resolution (1) Modifying The Home Maintenance And Improvement Program (HMIP) To Change The Interest Rate From 3% to 0% for Owners With Income At Less Than 50% Area Median Income (AMI) And From 6% To 3% For Owners With Income Between 51% And 80% AMI; (2) Changing The Repayment Provisions On HMIP Loans To Provide For Deferred Loans For Borrowers With Incomes Between 51% And 80% AMI; And (3) Modifying The Emergency Home Repair Program (EHRP) To Increase The Maximum Loan From $7,500 To $15,000 And To Permit Loans Throughout The Entire City
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
2/7/2006	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council	Adopted	Pass
1/26/2006	1	*Rules & Legislation Committee	Rescheduled
1/24/2006	1	*Special Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
1/12/2006	1	*Rules & Legislation Committee	Rescheduled

Title

Subject:      Annual Performance and Evaluation Report

From:            Community and Economic Development Agency

Recommendation:  Adopt A Resolution (1) Modifying The Home Maintenance And Improvement Program (HMIP) To Change The Interest Rate From 3% to 0% for Owners With Income At Less Than 50% Area Median Income (AMI) And From 6% To 3% For Owners With Income Between 51% And 80% AMI; (2) Changing The Repayment Provisions On HMIP Loans To Provide For Deferred Loans For Borrowers With Incomes Between 51% And 80% AMI; And (3) Modifying The Emergency Home Repair Program (EHRP) To Increase The Maximum Loan From $7,500 To $15,000 And To Permit Loans Throughout The Entire City