pages: CommunityAndEconomicDevelopmentCommittee/2012-10-09.pdf, 3
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CommunityAndEconomicDevelopmentCommittee | 2012-10-09 | *Community & Economic Meeting Minutes October 9, 2012 Development Committee 5 Subject: Foreclosure Prevention/Mitigation Activities From: Department Of Planning And Building Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Supporting Foreclosure Prevention/Mitigation Activities Including 1) The Allocation Of Up to $1,200,000 From The Neighborhood Stabilization Program (A HUD Federal Grant) To Community Housing Development Corporation For Purposes Of Funding A Foreclosure Prevention Loan Fund Program; 2) The Allocation of $350,100 From Blighted Foreclosed Properties Penalties To Fund The Following: A) Community Outreach Services For $150,000 Provided By Causa Justa: Just Cause ($50,000), Family Bridges ($25,000), OCCUR ($25,000), Allen Temple Economic Development Agency ($25,000), and the Martin Luther King Jr. Freedom Center ($25,000); B) Homeowner Legal Advocacy For $100,000 Provided By The Housing Economic Rights Advocates; C) Homeownership Counseling And Loan Modification Advocacy For $50,000 Provided By The Community Housing Development Corporation; And D) Tenant Counseling And Legal Services For $50,100 Total Provided By The East Bay Community Law Center ($16,700), Centro Legal De La Raza ($16,700), And Causa Justa: Just Cause ($16,700); And 3) Requiring Staff To Develop A Foreclosure Mediation Policy For Council Consideration Should There Be Serious Problems With Bank Servicer And Lender Compliance In Oakland With The Attorney General Bank Settlement Agreement And State Homeowner Bill of Rights Act 12-0070 A motion was made by Vice Mayor Nadel, seconded by Member Brunner, that this matter be * Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on October 16, 2012 as a Consent item. The motion carried by the following vote: Votes: Councilmember Aye: President Pro Tempore De La Fuente, Vice Mayor Nadel, Member Kernighan and Member Brunner View Report.pdf 84064 C.M.S..pdf 2) An Ordinance Amending Oakland Municipal Code Section 15.68.100 (Affordable Housing Trust Fund) To (1) Permit Fines And Penalties Received Pursuant To Section 8.54.620 (Foreclosed And Defaulted Residential Property Registration Program) And Similar Programs To Be Used For Foreclosure Prevention And Mitigation Activities, (2) Authorize The City Administrator To Make Grants Or Service Contracts Under The Program Of Up To $100,000 Without Returning To Council, And (3) Allow Affordable Housing Trust Funds To Be Used To Assist Affordable Housing Projects At Risk Due To Mortgage Default Or Foreclosure 12-0070-1 A motion was made by Vice Mayor Nadel, seconded by Member Brunner, that this matter be * Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on October 16, 2012 as a Consent item. The motion carried by the following vote: Votes: Councilmember Aye: President Pro Tempore De La Fuente, Vice Mayor Nadel, Member Kernighan and Member Brunner There were 12 speakers on this item. View Report.pdf 13139 CMS.pdf City of Oakland Page 3 Printed on 12/7/12 | 3 | CommunityAndEconomicDevelopmentCommittee/2012-10-09.pdf |