14-0435 4) A Resolution (1) Authorizing An Additional Affordable Housing Development Loan In An Amount Not To Exceed $2,000,000 To Satellite Affordable Housing Associates For The Redwood Hill Townhomes Project Located At 430 28th Street, (2) Approving A Change In The Project From Ownership To Rental, (3) Authorizing Assumption Of The Existing Loan For The Project By Satellite Affordable Housing Associates, And (4) Authorizing Repayment Extension And Changes In Terms For The Existing Loan For The Project; And - City of Oakland

Meeting: *Community & Economic Development Committee on 2015-02-10 2:00 PM - CONCURRENT MEETING OF THE OAKLAND REDEVELOPMENT SUCCESSOR AGENCY AND THE COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE

Meeting Time: February 10, 2015 at 2:00pm PST

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Agenda Item

14-0435 4) A Resolution (1) Authorizing An Additional Affordable Housing Development Loan In An Amount Not To Exceed $2,000,000 To Satellite Affordable Housing Associates For The Redwood Hill Townhomes Project Located At 430 28th Street, (2) Approving A Change In The Project From Ownership To Rental, (3) Authorizing Assumption Of The Existing Loan For The Project By Satellite Affordable Housing Associates, And (4) Authorizing Repayment Extension And Changes In Terms For The Existing Loan For The Project; And