Subject: Funding For New Construction Affordable Housing Pipeline And Modifying Resolutions For State Funding From: Housing And Community Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution (1) Allocating Measure U Housing Bond Funds In A Total Amount Not To Exceed $22,000,000 To Fund New Construction Of Multifamily Rental Affordable Housing Projects, (2) Authorizing The City Administrator To Make Development Loans Under The New Construction Of Multifamily Rental Affordable Housing Program Without Returning To Council, Contingent On Funding Availability, And (3) Modifying Allocations Of Prior California Department Of Housing & Community Development’s (CA HCD) Local Housing Trust Fund Awards To Comply With State Program Requirements

Committee

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

Requested by

Housing And Community Development Department

Introduced

January 24, 2024

On agenda

February 20, 2024

Passed

February 20, 2024

Enacted

February 20, 2024

Enactment no.

90118 C.M.S.

Where it was heard

* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council Feb 20, 2024 Adopted as Amended Pass *Rules & Legislation Committee Feb 15, 2024 Scheduled *Community & Economic Development Committee Feb 13, 2024 Approved as Amended the Recommendation of Staff, and Forward Pass *Rules & Legislation Committee Jan 25, 2024 Scheduled