pages: RulesAndLegislationCommittee/2016-03-10.pdf, 5
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RulesAndLegislationCommittee | 2016-03-10 | *Rules & Legislation Committee Meeting Minutes March 10, 2016 4.8 Subject: NOFA Housing Policy Recommendations From: Housing And Community Development Department Recommendation: Receive A Report On The Housing Program And Policy Recommendations Associated With the Affordable Housing Notice Of Funding Availability (NOFA) And Adopt The Following Pieces Of Legislation: 15-0551 Attachments: View Report View Supplemental Report This Informational Report was Scheduled.to the *Community & Economic Development Committee to be heard 3/22/2016 1) 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]; And 15-0768 Attachments: View Report 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 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 4) A Resolution Establishing An Affordable Housing Multifamily Emergency Repair Program, Allocating $600,000 From The Affordable Housing Trust Fund To The Program, And Authorizing The City Administrator To Fund Affordable Housing Multifamily Emergency Repair Loans Under The Program Without Returning To Council 15-0771 City of Oakland Page 5 Printed on 4/8/2016 | 5 | RulesAndLegislationCommittee/2016-03-10.pdf |