7 18-1274 Subject: Appropriation And Use Of Neighborhood Stabilization Program Income
From: Housing And Community Development
Recommendation: Adopt A Resolution Authorizing The City Administrator To Accept And Appropriate $1,911,049.09 In Loan Repayment Funds And Future Repayments From The Neighborhood Stabilization Program Into The Community Development Block Grant Program To Fund Rehabilitation Projects In Housing And Community Development's Residential Lending And Rehabilitation Programs; Appropriating $1,300,000.00 To Be Used By The Oakland Community Land Trust And Resources For Community Development For The Rehabilitation Of A 15-Unit Affordable Rental Project Located At 2530 9th Avenue; And Authorizing A Substantial Amendment Of The City's
Consolidated Annual Action Plan For Fiscal Year 2018/19 To Include The Appropriated Funds And Allocations