S5.23 24-0413 Subject: Housing Accelerator Fund From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Authorizing A $10 Million Unsecured Recourse Loan To The Housing Accelerator Fund To Establish A Fund To Finance Affordable Housing Acquisition And Rehabilitation, And Allocating Measure U Bond Funds For This Purpose; (2) Authorizing And Allocating $30 Million In Measure U Bond Funds For Permanent Financing To Take-Out These Acquisition And Rehabilitation Loans; And (3) Making Related California Environmental Quality Act Findings - City of Oakland

Meeting: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council on 2024-06-18 1:30 PM

Meeting Time: June 18, 2024 at 1:30pm PDT

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Agenda Item

S5.23 24-0413 Subject: Housing Accelerator Fund From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Authorizing A $10 Million Unsecured Recourse Loan To The Housing Accelerator Fund To Establish A Fund To Finance Affordable Housing Acquisition And Rehabilitation, And Allocating Measure U Bond Funds For This Purpose; (2) Authorizing And Allocating $30 Million In Measure U Bond Funds For Permanent Financing To Take-Out These Acquisition And Rehabilitation Loans; And (3) Making Related California Environmental Quality Act Findings

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