City of Oakland - File #: 09-0091-8

• File #: 09-0091-8
• Version: 1
• Type: City Resolution
• Status: Passed
• File created: 2/24/2009
• In control: Meeting of the Oakland City Council
• Final action: 3/17/2009
• Title: 9) An Agency Resolution Amending Resolution No. 2007-0026 C.M.S. To (1) Increase The Amount Of An Affordable Housing Development Loan To Home Place Initiatives Corporation By $990,000, For The Sausal Creek Homes Project Located At 2464-2470 26th Avenue For A Total Loan Amount Of $3,980,000, (2) Reduce The Affordability Term From Perpetuity To 45 Years, And (3) Allow Resales Of Project Units To Households Up To 120% Of Area Median Income;

Date	Ver.	Action By	Action	Result
3/17/2009	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council
3/10/2009	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass

Title

9) An Agency Resolution Amending Resolution No. 2007-0026 C.M.S. To (1) Increase The Amount Of An Affordable Housing Development Loan To Home Place Initiatives Corporation By $990,000, For The Sausal Creek Homes Project Located At 2464-2470 26th Avenue For A Total Loan Amount Of $3,980,000, (2) Reduce The Affordability Term From Perpetuity To 45 Years, And (3) Allow Resales Of Project Units To Households Up To 120% Of Area Median Income;