4.21 18-2383 Subject: Predevelopment Loan Authorization For 1707 Wood Street From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Enter Into Two Unsecured Predevelopment Loans Not To Exceed A Combined Total Amount Of $650,000 From The Affordable Housing Trust Fund (Fund 1870); One Loan To MidPen Housing Corporation And One Loan To Habitat For Humanity East Bay/Silicon Valley, Inc. To Support The Development Of Affordable Housing At The City-Owned Property Located At 1707 Wood Street Between 18th And 20th Streets; And Making California Environmental Quality Act Findings For this Action; On The November 12, 2019 Community And Economic Development Committee Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2019-10-24 10:45 AM

Meeting Time: October 24, 2019 at 10:45am PDT

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Agenda Item

4.21 18-2383 Subject: Predevelopment Loan Authorization For 1707 Wood Street From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator Or His Or Her Designee To Enter Into Two Unsecured Predevelopment Loans Not To Exceed A Combined Total Amount Of $650,000 From The Affordable Housing Trust Fund (Fund 1870); One Loan To MidPen Housing Corporation And One Loan To Habitat For Humanity East Bay/Silicon Valley, Inc. To Support The Development Of Affordable Housing At The City-Owned Property Located At 1707 Wood Street Between 18th And 20th Streets; And Making California Environmental Quality Act Findings For this Action; On The November 12, 2019 Community And Economic Development Committee Agenda