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Subject: Affordable Housing Funding And Measure U Capital Funding Authorizations
From: Housing And Community Development Department
Recommendation: Adopt A Resolution (1) Allocating Funds From Measure U Housing
Bond And Other Non-Bond Funds In A Total Amount Not To Exceed $50,000,000,
Inclusive Of Administrative Expenses, To Fund Affordable Housing Programs Including
New Construction Of Multifamily Rental Affordable Housing, Rapid Response Homeless
Housing And Homekey, Acquisition And Conversion To Affordable Housing, And
Rehabilitation Of Existing Affordable Housing; And
(2) Authorizing The City Administrator To Allocate And Reallocate Budgeted Affordable
Housing Funding From Impact Fees, Program Income, Loan Repayments, And Other
Available Affordable Housing Funds As Funds Become Available; And;
(3) Authorizing The City Administrator To Make Development Loans And Grants Under
The Affordable Housing Programs, Contingent On Funding Availability; And
(4) Authorizing The City Administrator To Reallocate Previously Authorized Funds Among
Measure U Tranches 1, 2, And 3; And
(5) Amending Resolution Nos. 86126 C.M.S., 86366 C.M.S., And 89605 C.M.S. To
Allocate An Additional Amount Not To Exceed $2,000,000 To The Health And Safety
Rehabilitation Program, Contingent On Funding Availability
Sponsors:
Housing And Community Development Department
Attachments:
Pursuant to Rule 28 of the Council Rules of Procedure, this item was added to the
agenda
7
Subject: Affordable Housing Trust Fund Ordinance Update
From: Housing And Community Development Department
Recommendation: Adopt An Ordinance Amending Chapter 15.62 Of The Oakland
Municipal Code To Allow Affordable Housing Trust Funds From Funds Distributed To The
City Under Redevelopment Dissolution Laws To Be Used For Operating And Rental
Subsidies For Housing Serving People Experiencing Homelessness And Households
With Extremely Low Incomes, And Removing The 2027 Sunset Date On Using Such
Funds For Anti-Displacement And Homelessness Prevention Services
Sponsors:
Housing And Community Development Department
Attachments:
Pursuant to Rule 28 of the Council Rules of Procedure, this item was added to the
agenda