S7.16 16-0898 Subject: Updates To The NOFA Housing Funding Pipeline
From: Housing And Community Development
Recommendation: Adopt A Resolution Amending Resolution No. 86090 C.M.S. Which Authorized $5,013,851 In Loans To The Fruitvale Transit Village Phase II, Redwood Hill Townhomes, Camino 23, 3706 San Pablo Avenue, Coliseum Place, And Embark Apartments Affordable Housing Projects, To (1) Authorize And Appropriate An Additional$1,222,192 From The Low And Moderate Income Housing Asset Fund For These Loans, For A Total Authorized Loan Amount Of $6,236,043; (2) Add The Coliseum Connections Project To The List Of Projects Authorized For These Loans; And (3) Approve Funding Awards To These Projects From Funds Allocated To Oakland From The Alameda County Housing Bond In An Amount Not To Exceed $18.65 Million
Given the ridiculous PROVEN DEVELOPMENT cost of Affordable Housing,.. And the fact we have 100 People displaced, & 40 people lost due to disservice... Take that $18M in AC A1 Bonds, Match it with Oakland 2016 Community Mortgage of 600M. BUY present homes and serve these people directly. These Developments and the continued raping of resources are a disservice to the people under the freeways, on the Islands places TODAY. This is your Council now. IT IS TIME TO BE MAJOR LEAGUE. The NFL, & NBA say Oakland is not.
Are they Correct? To stand up & preach there is not effective. I hope this is.
Given the ridiculous PROVEN DEVELOPMENT cost of Affordable Housing,.. And the fact we have 100 People displaced, & 40 people lost due to disservice... Take that $18M in AC A1 Bonds, Match it with Oakland 2016 Community Mortgage of 600M. BUY present homes and serve these people directly. These Developments and the continued raping of resources are a disservice to the people under the freeways, on the Islands places TODAY. This is your Council now. IT IS TIME TO BE MAJOR LEAGUE. The NFL, & NBA say Oakland is not.
Are they Correct? To stand up & preach there is not effective. I hope this is.