26-0066

Subject: Affordable Housing Funding - Program Income And FY2025-26 HCD Capital Funds From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Authorizing The Appropriation Of Accumulated Net Revenue Of Affordable Housing Program Funding Revenue From The Low And Moderate Income Housing Asset Fund And The HUD-Home Investment Partnership Fund To Fund The New Construction Of Multifamily Rental Affordable Housing Program, Rapid Response Homeless Housing, Acquisition And/Or Conversion To Affordable Housing And Rehabilitation Of Existing Affordable Housing (Collectively, Affordable Housing Programs); (2) Authorizing The Annual Appropriation Of Net Revenue Of Affordable Housing Program Funding Revenue From The Low And Moderate Income Housing Asset Fund And The HUD-Home Investment Partnership Fund For Affordable Housing Programs For A Period Of Five Years, (3) Allocating Funds From Measure U Housing Bond And Other Non-Bond Funds In A Total Amount Not To Exceed $66 Million For Affordable Housing Programs, (4) Reallocating Impact Fees And Other Affordable Housing Capital Sources Funds Approved Through The FY2025-26 Revenue To Affordable Housing Programs, And (5) Authorizing The City Administrator To Make Development Loans And Grants Under The Affordable Housing Programs, Contingent On Funding Availability

City Resolution Passed Introduced September 19, 2025

Committee: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
Requested by: Housing And Community Development Department
Introduced: September 19, 2025
On agenda: October 7, 2025
Passed: October 7, 2025
Enactment no.: 90894 C.M.S

Where it was heard