3. 20-0597 Subject: Real Property Located At 392 11th Street: From: Housing & Community Development Recommendation: : Adopt A Resolution, (1) Authorizing The City Administrator To Apply For, As A Local Agency Partner, Up To $13.84 Million Of Funds From The California Department Of Housing And Community Development Under The Homekey Program (Homekey Funds); (2) Accepting And Appropriating Up To $13.84 Million In Homekey Funds, As A Local Agency Partner, For The Acquisition Of 392 11th Street By Oakland & The World, Inc., Memar Properties, And Mccormack Baron Salazar (Development Partner) To Provide Permanent Affordable Housing To Formerly Incarcerated Individuals; (3) Allocating, As A Local Match To The Homekey Funds, Up To (A) $3.52 Million From Measure KK, (B) $2.5 Million From Community Block Grant Funds (CDBG-CY) And (C) $1.16 Million From The Affordable Housing Trust Fund (Boomerang Funds), For The Acquisition And Rehabilitation Of 392 11th Street By Development Partner; And (4) Awarding A Grant Agreement To Development Partner, In An Amount Not To Exceed $21.01 Million, To Acquire And Rehabilitate 392 11th Street.