3.3 24-0018 Subject: Loan For 12th Street Remainder Parcel From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Appropriating $4,000,000 From A Ground Rent Loan Payment; Authorizing A $4,000,000 Loan To East 12th Street Housing, L.P. Funded By The Ground Rent Loan Payment For The Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder Property Located At East 12th Street And 2nd Avenue; And Adopting California Environmental Quality Act Findings; On The January 23, 2024 Community And Economic Development Committee Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2024-01-11 10:30 AM

Meeting Time: January 11, 2024 at 10:30am PST

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Agenda Item

3.3 24-0018 Subject: Loan For 12th Street Remainder Parcel From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Appropriating $4,000,000 From A Ground Rent Loan Payment; Authorizing A $4,000,000 Loan To East 12th Street Housing, L.P. Funded By The Ground Rent Loan Payment For The Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder Property Located At East 12th Street And 2nd Avenue; And Adopting California Environmental Quality Act Findings; On The January 23, 2024 Community And Economic Development Committee Agenda