Subject: Housing Accelerator Fund From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Authorizing A $10 Million Unsecured Recourse Loan To The Housing Accelerator Fund To Establish A Fund To Finance Affordable Housing Acquisition And Rehabilitation, And Allocating Measure U Bond Funds For This Purpose; (2) Authorizing And Allocating $30 Million In Measure U Bond Funds For Permanent Financing To Take-Out These Acquisition And Rehabilitation Loans; And (3) Making Related California Environmental Quality Act Findings

Committee

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

Requested by

Housing And Community Development Department

Introduced

May 8, 2024

On agenda

June 18, 2024

Passed

June 18, 2024

Enacted

June 18, 2024

Enactment no.

90308 C.M.S.

Where it was heard

Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council Jun 18, 2024 Adopted Pass *Rules & Legislation Committee Jun 13, 2024 Scheduled *Community & Economic Development Committee Jun 11, 2024 Approved the Recommendation of Staff, and Forward Pass *Special Rules and Legislation Committee May 16, 2024 Scheduled *Rules & Legislation Committee May 9, 2024 Scheduled

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