3.23
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:
Legislative History
10/13/26
*Community & Economic
Development Committee
Approved as Amended the Recommendation
of Staff, and Forward to the * Concurrent
Meeting of the Oakland Redevelopment
Successor Agency and the City Council
The Committee Approved As Amended The Recommendation Of Staff And To
Forward This Item To The October 20, 2026 City Council Agenda On Consent;
With The Following Amendments:
- In To The First Resolve Clause, Adding:
“Contingent On The Issuance And Sale Of Measure U Tranche 3 Bonds In A
Sufficient Amount And Approval Of The Final Project Funding Authorization
Legislation”
- In The Second Further Resolved Clause, Adding:
“As Consistent With Measure KK And Associated Resolutions Approving The
Final Project And Program Funding”
- In The Fourth Further Resolved Clause, Striking “Among” And Replacing
That With “From” And Including, “And As Consistent With Measure U And
Associated Resolutions Approving The Final Project And Program Funding
For Each Funding Tranche;”
6 Speaker Spoke On This Item