7 22-0802 Subject: City Of Oakland Declaring Its Intention To Establish The Oakland Enhanced Infrastructure Financing District
From: President Pro Tempore Thao And Councilmember Fife
Recommendation: Adopt A Resolution: (1) Expressing The City's Interest In Establishing One Or More Enhanced Infrastructure Financing Districts To Fund Affordable Housing That Affirms The City's Commitment To Furthering Fair Housing And Infrastructure Improvements; And (2) Directing The City Administrator To Return To Council With A Report And Recommendation Outlining The Timeline And Process For A Proposal To Establish An Enhanced Infrastructure Financing District Exclusively For East Oakland; And (3) Directing The City Administrator To Return To Council With A Report And Recommendation Outlining The Timeline And Process For A Proposal To Establish An Enhanced Infrastructure Financing District Exclusively For West Oakland; And (4) Directing The City Administrator To Return To Council With A Report And Recommendation Outlining The Timeline And Process For A Proposal To Establish An Enhanced Infrastructure Financing District For East And West Oakland, Combined; And (5) Directing The City Administrator To Work With Kosmont Consulting To Bring Forth These Reports And Recommendations To Be Presented To The First Finance And Management Committee Of December 2022
I work with transitional aged youth and formerly incarcerated people. The lack of affordable housing is the number one structural barrier to our participants' ability to get a firm footing and build a life for themselves. Our city must take proactive steps to fix this crisis!
We are facing a major housing crisis in our city. Many families have been displaced from Oakland, and many are struggling to stay. Our city needs thousands of affordable housing units for very low, low and moderate income families. To make these units a reality, we need the financial resources to both preserve and produce affordable housing units.
An EIFD is a valuable tool that can help the city build some substantial financing capacity to create hundreds of the necessary units required under RHNA over the next decade. I / my organization supports the council in pursuing this strategy and we urge the city administration to advance the process necessary to determine the appropriate structure for formation of an EIFD. Thank you Councilmembers Thao and Fife for bringing this forward.
Thank you, Councilmembers Thao and Fife, for introducing this important legislation to allow Oakland to explore the usage of Enhanced Infrastructure Financing Districts (EIFD) as a tool to fund municipal reparations for the survivors of “urban renewal”, freeway building, eminent domain, and other racist, predatory policies of previous Oakland City Councils. Programs, policies, and payments to the survivors and families of those injured by the actions of previous Oakland City Councils are significantly overdue. Any City policy based on the injury and suffering from the displacement and underinvestment done to long-time and displaced Black Oaklanders must center those same long-time and displaced Black Oaklanders in its redress to be ethical, moral, and racially just. We look forward to working with the future administration and Council members in West and East Oakland in supporting and participating in the development of an ethical, moral, and racially just EIFD Infrastructure Financing Plan that begins to compensate the individuals, families, and communities harmed by these racist decisions of previous Oakland City Councils.
I work with transitional aged youth and formerly incarcerated people. The lack of affordable housing is the number one structural barrier to our participants' ability to get a firm footing and build a life for themselves. Our city must take proactive steps to fix this crisis!
We are facing a major housing crisis in our city. Many families have been displaced from Oakland, and many are struggling to stay. Our city needs thousands of affordable housing units for very low, low and moderate income families. To make these units a reality, we need the financial resources to both preserve and produce affordable housing units.
An EIFD is a valuable tool that can help the city build some substantial financing capacity to create hundreds of the necessary units required under RHNA over the next decade. I / my organization supports the council in pursuing this strategy and we urge the city administration to advance the process necessary to determine the appropriate structure for formation of an EIFD. Thank you Councilmembers Thao and Fife for bringing this forward.
Thank you, Councilmembers Thao and Fife, for introducing this important legislation to allow Oakland to explore the usage of Enhanced Infrastructure Financing Districts (EIFD) as a tool to fund municipal reparations for the survivors of “urban renewal”, freeway building, eminent domain, and other racist, predatory policies of previous Oakland City Councils. Programs, policies, and payments to the survivors and families of those injured by the actions of previous Oakland City Councils are significantly overdue. Any City policy based on the injury and suffering from the displacement and underinvestment done to long-time and displaced Black Oaklanders must center those same long-time and displaced Black Oaklanders in its redress to be ethical, moral, and racially just. We look forward to working with the future administration and Council members in West and East Oakland in supporting and participating in the development of an ethical, moral, and racially just EIFD Infrastructure Financing Plan that begins to compensate the individuals, families, and communities harmed by these racist decisions of previous Oakland City Councils.