body,date,text,page,path
OaklandRedevelopmentAgencyAndCityCouncil,2007-11-06,"Concurrent Meeting of the Oakland
Meeting Minutes
November 6, 2007
Redevelopment Agency / City
Council
17
Subject:
Subprime Lending
From:
Councilmembers Jane Brunner And Desley Brooks
Recommendation: Adopt A Resolution Regarding Subprime Lending And Foreclosures And
Recommending Policies To Address Foreclosures In Oakland
07-0709
A motion was made by Councilmember Brunner, seconded by
Councilmember Brooks, that this matter be Adopted. The motion carried
by the following vote:
Votes: ORAICouncilmember Excused: 1 - President of the Council De La Fuente
ORAICouncilmember Ayes: 7 - Councilmember Brooks, Councilmember
Brunner, Vice Mayor Chang, Councilmember Kernighan, Councilmember
Nadel, Councilmember Quan and Councilmember Reid
Staff was directed to return ASAP with immediate steps the city can take to
really help the families in Oakland, (i.e. renter's rights education classes,
convene with banking institutions, be proactive in reviewing loans and
identifying people that may come to the city for help). Staff was also directed to:
look at other cities that have taken similar actions (i.e. Chicago and Boston);
improve code enforcement at blighted foreclosed properties; incorporate
solutions for subprime lending in the overall affordable housing strategy; and
come to the Rules Committee on Thursday to schedule the follow-up report.
The following individuals spoke on this item:
- Willam Pegg
- Jose Vizcaino
- Maria Lopez
- Sebastian Reulas
- Larry Hynson
- Billy Trice, Jr.
- Marilyln Reynolds
- Leslies Marks
- Eesuu Orundide
View Report.pdf
View Supplemental Report.pdf
80930 CMS.pdf
City of Oakland
Page 20
Printed on 1/4/08",20,OaklandRedevelopmentAgencyAndCityCouncil/2007-11-06.pdf