pages: CommunityAndEconomicDevelopmentCommittee/2016-04-12.pdf, 3
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CommunityAndEconomicDevelopmentCommittee | 2016-04-12 | *Community & Economic Meeting Minutes April 12, 2016 Development Committee Subject: NOFA Housing Policy Recommendations From: Housing & Community Development Committee Recommendation: Adopt An Ordinance Amending Chapter 15.68 Of The Oakland Municipal Code To (1) Allow Affordable Housing Trust Funds From Funds Distributed To The City Under Redevelopment Dissolution Laws To Be Used For Ownership Housing And Mortgage Assistance To Households With Incomes Up To 120% Of Area Median Income, And (2) Allow The Use Of Affordable Housing Trust Funds To Preserve Affordable Housing That Is At Imminent Risk Of Loss Due To Tax Defaults, Rent Increases, Demolition, Or Conversion To Other Uses [TITLE CHANGE] 15-0768 Attachments: View Report View Supplemental Report View Supplemental Report 13364 CMS This Ordinance was Approve as Amended the Recommendation of Staff, and Forward.to the Meeting of the Oakland City Council to be heard 4/19/2016 2) A Resolution Amending Resolution Nos. 81961 And 82989 C.M.S. To Increase Income Limits For Households Participating In The First-Time Homebuyer Mortgage Assistance Program From 100% Of Area Median Income To 120% Of Area Median Income, And Modify The Corresponding Calculation For The Purchase Price Limit, And Authorizing The Transfer Of $800,000 To The Program From The Affordable Housing Trust Fund [TITLE CHANGE]; And 15-0769 Attachments: 86124 CMS This City Resolution was Approve the Recommendation of Staff, and Forward.to the Meeting of the Oakland City Council to be heard 4/19/2016 3) A Resolution Establishing An Affordable Housing Acquisition, Rehabilitation, And Preservation Program, Allocating $1,000,000 From The Affordable Housing Trust Fund To The Program, And Authorizing The City Administrator To Fund Affordable Housing Acquisition, Rehabilitation, And Preservation Loans Under The Program Without Returning To Council [TITLE CHANGE]; And 15-0770 Attachments: 86125 CMS This City Resolution was Approve the Recommendation of Staff, and Forward.to the Meeting of the Oakland City Council to be heard 4/19/2016 City of Oakland Page 3 Printed on 5/10/2016 | 3 | CommunityAndEconomicDevelopmentCommittee/2016-04-12.pdf |