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Meeting Name: *Community & Economic Development Committee Agenda status: FINAL
Meeting date/time: 2/25/2014 2:00 PM Minutes status: FINAL  
Meeting location: Sgt. Mark Dunakin Room - 1st Floor
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video: eComment: Not available  
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13-0339 13Affordable Housing NOFA FundCity ResolutionSubject: Affordable Housing NOFA Funds From: Department Of Housing And Community Development Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Appropriating $1,078,483 From Fund Balance In The Low And Moderate Income Housing Asset Fund For Housing Development Activities; AndApproved as Amended the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-1 1  City Resolution2) A Resolution Increasing The Amount Of An Affordable Housing Preservation And Rehabilitation Loan To East Bay Asian Local Development Corporation For The Marcus Garvey Commons Affordable Housing Development Located At 1769 Goss Street And 1766 7th Street By $200,000 For A Total Loan Amount Of $934,000 And Authorizing Loan Extensions And/Or Changes In Terms For Existing Loans For The Project; AndApproved the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-2 1  City Resolution3) A Resolution Authorizing An Affordable Housing Development Loan In An Amount Not To Exceed $1,575,000 To Meta Housing Corporation For The Civic Center 14 TOD Rental Project Located At 632 14th Street; AndApproved the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-3 1  City Resolution4) A Resolution Authorizing An Affordable Housing Development Loan In An Amount Not To Exceed $2,750,000 To East Bay Asian Local Development Corporation For The 11th And Jackson Apartments Rental Project Located At 1110 Jackson Street; AndApproved the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-4 1  City Resolution5) A Resolution Increasing The Amount Of An Affordable Housing Loan To Related Companies Of California And Acts Community Development Corporation For The 94th And International Affordable Housing Development Located At 94th Avenue And International Boulevard By $2,150,000 For A Total Loan Amount Of $7,747,000; AndApproved as Amended the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-5 1  City Resolution6) A Resolution Authorizing An Affordable Housing Development Loan In An Amount Not To Exceed $750,000 To Habitat For Humanity East Bay/Silicon Valley For The Oakland Home Renovation Program; AndApproved the Recommendation of Staff, and ForwardPass Action details Not available
13-0339-6 1  City Resolution7) A Resolution Increasing The Amount Of An Affordable Housing Loan To California Hotel Oakland, LP, For The California Hotel Affordable Housing Development Located At 3501 San Pablo Boulevard By $210,000 For A Total Loan Amount Of $8,631,000Approved the Recommendation of Staff, and ForwardPass Action details Not available
13-0341 14Amendments To Rent Adjustment Program RegulationsCity ResolutionSubject: Amendments To Rent Adjustment Program Regulations From: Department Of Housing And Community Development Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Amending The Rent Adjustment Regulations To Provide For Extended Capital Improvement Amortization Periods For Rent Increases Greater Than Ten Percent, Passing Through Seventy Percent Of Capital Improvement Costs, Interest On Capital Improvement Overcharges, Administrative Penalties For Such Overcharges, And Removing The Requirement That Only One Year Of Capital Improvement Increases Can Be Passed Through At One Time [TITLE CHANGE]; And ContinuedPass Action details Not available
13-0341-1 1 Amendments To Rent Adjustment Program RegulationsOrdinanceSubject: Amendments To Rent Adjustment Program Regulations From: Department Of Housing And Community Development Recommendation: Adopt An Ordinance Amending The Rent Adjustment Ordinance (O.M.C. Chapter 8.22) To Limit Rent Increases To Ten Percent In Any One Year And Thirty Percent In Five Years And To Require Special Noticing For Capital Improvement Rent Increases [TITLE CHANGE]   Action details Not available
13-0342 15Amendments To Debt Service Regulations City ResolutionSubject: Amendments To Debt Service Regulations From: Department Of Housing And Community Development Recommendation: A. Adopt The Following Pieces Of Legislation: 1) A Resolution Adopting Amendments To The Rent Adjustment Regulations, Appendix A, Section 10.4 To Require That Debt Service Increases For Newly Purchases Rental Properties Not Exceed Debt Service Calculated On A Standard Financing Model, To Limit Debt Service Rent Increases To A One-Time Cap Of Seven Percent Over The Current Allowable Rent Increase, To Require A Rent Increase Based On Debt Service Be Filed Within Three (3) Years Of The Date Of Closing On The Purchase And To Adopt A Grandparent Clause; AndContinuedPass Action details Not available
  1  Ordinance2) An Ordinance Amending The Rent Adjustment Ordinance (O.M.C. 8.22.090B) To Require Property Owners Seeking Rent Increases Based On Debt Service To File Owner Petitions   Action details Not available
13-0342-2 1 Amendments To Debt Service RegulationsCity ResolutionSubject: Amendments To Debt Service Regulations From: Department Of Housing And Community Development Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution To Adopt Amendments To The Rent Adjustment Regulations Appendix A, Section 10.4 To Provide For A Grandparent Clause For Rental Properties With A Purchaser At The Enactment Of Elimination Of Debt Service As A Justification For A Rent Increase; And   Action details Not available
13-0342-3 1 Amendments To Debt Service RegulationsOrdinanceSubject: Amendments To Debt Service Regulations From: Department Of Housing And Community Development Recommendation: Adopt An Ordinance Amending The Rent Adjustment Ordinance (O.M.C. Sections 8.22.020 And 8.22.070) To Eliminate Debt Service As A Justification For A Rent Increase   Action details Not available
TTD 1NOTE: City ResolutionAmericans With Disabilities Act If you need special assistance to participate in Oakland City Council and Committee meetings please contact the Office of the City Clerk. When possible, please notify the City Clerk 48 hours prior to the meeting so we can make reasonable arrangements to ensure accessibility. Also, in compliance with Oakland's policy for people with environmental illness or multiple chemical sensitivities, please refrain from wearing strongly scented products to meetings. Office of the City Clerk - Agenda Management Unit Phone: (510) 238-6406 Fax: (510) 238-6699 Recorded Agenda: (510) 238-2386 Telecommunications Display Device: (510) 238-3254    Action details Not available