15-0257 2) A Resolution Amending Resolution Nos. 84038 And 85471C.M.S. To Modify The Terms Of A $1,517,000 Loan To East 14th Street Housing Associates For The Hismen Hin-Nu Terrace Affordable Housing Project To (1) Allow The New Owner To Assume And Assign The Loan In Order To Consolidate The Loan With Loans For The Marcus Garvey Commons Project, (2) Extend The Maturity Date To 55 Years, And (3) Change The Interest Rate From 3% To The Applicable Federal Rate - City of Oakland

Meeting: *Community & Economic Development Committee on 2015-11-10 1:30 PM

Meeting Time: November 10, 2015 at 1:30pm PST

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Agenda Item

15-0257 2) A Resolution Amending Resolution Nos. 84038 And 85471C.M.S. To Modify The Terms Of A $1,517,000 Loan To East 14th Street Housing Associates For The Hismen Hin-Nu Terrace Affordable Housing Project To (1) Allow The New Owner To Assume And Assign The Loan In Order To Consolidate The Loan With Loans For The Marcus Garvey Commons Project, (2) Extend The Maturity Date To 55 Years, And (3) Change The Interest Rate From 3% To The Applicable Federal Rate