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CommunityAndEconomicDevelopmentCommittee 2014-02-25 *Community & Economic Meeting Minutes February 25, 2014 Development Committee 3 Subject: Affordable Housing NOFA Funds From: Department Of Housing And Community Development Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Appropriating $1,078,483 From Fund Balance In The Low And Moderate Income Housing Asset Fund For Housing Development Activities; And 13-0339 A motion was made by Council President Kernighan, seconded by Member Gibson McElhaney, that this matter be *Approve as Amended the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on March 4, 2014. The motion carried by the following vote: Votes: Councilmember Aye: Member Gibson McElhaney, Council President Kernighan, Member Schaaf and Vice Mayor Reid The Committee approved recommendations as amended to change the fund number to 2830. View Report.pdf View Supplemental Report.pdf View Supplemental Report.pdf 84855 CMS.pdf 2) A Resolution Increasing The Amount Of An Affordable Housing Preservation And Rehabilitation Loan To East Bay Asian Local Development Corporation For The Marcus Garvey Commons Affordable Housing Development Located At 1769 Goss Street And 1766 7th Street By $200,000 For A Total Loan Amount Of $934,000 And Authorizing Loan Extensions And/Or Changes In Terms For Existing Loans For The Project; And 13-0339-1 A motion was made by Council President Kernighan, seconded by Member Gibson McElhaney, that this matter be *Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on March 4, 2014. The motion carried by the following vote: Votes: Councilmember Aye: Member Gibson McElhaney, Council President Kernighan, Member Schaaf and Vice Mayor Reid 84856 CMS.pdf 3) A Resolution Authorizing An Affordable Housing Development Loan In An Amount Not To Exceed $1,575,000 To Meta Housing Corporation For The Civic Center 14 TOD Rental Project Located At 632 14th Street; And 13-0339-2 A motion was made by Council President Kernighan, seconded by Member Gibson McElhaney, that this matter be *Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on March 4, 2014. The motion carried by the following vote: Votes: Councilmember Aye: Member Gibson McElhaney, Council President Kernighan, Member Schaaf and Vice Mayor Reid 84857 CMS.pdf City of Oakland Page 2 Printed on 4/1/14 2 CommunityAndEconomicDevelopmentCommittee/2014-02-25.pdf
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