Subject: Loan For 12th Street Remainder Parcel 1 From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Appropriating $4,000,000 From Ground Rent Loan Payment; Authorizing A $4,000,000 Loan To East 12th Street Housing, L.P. Funded By The Ground Rent Loan Payment For The Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder Property Located At East 12th Street And 2nd Avenue; And Adopting California Environmental Quality Act Findings

Committee

* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council

Requested by

Economic & Workforce Development Department

Introduced

January 9, 2024

On agenda

February 6, 2024

Passed

February 6, 2024

Enacted

February 6, 2024

Enactment no.

90088 C.M.S.

Where it was heard

* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council Feb 6, 2024 Adopted Pass *Rules & Legislation Committee Jan 25, 2024 Scheduled *Community & Economic Development Committee Jan 23, 2024 Approved the Recommendation of Staff, and Forward Pass *Rules & Legislation Committee Jan 11, 2024 Scheduled

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