3.3 22-0822 Subject: Acquisition And Conversion To Affordable Housing (ACAH) Re-Authorization From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Allocating Up To $12,265,543 From Affordable Housing Trust Funds, Low And Moderate Income Housing Asset Funds, And Measure KK Bond Funds To The Acquisition And Conversion To Affordable Housing (ACAH) Program; (2) Allocating Additional Funds In An Amount Not To Exceed $10,000,000 From Affordable Housing Trust Funds And Excess Redevelopment Bond Funds To The ACAH Program, For A Total Amount Not To Exceed $22,265,543 Contingent Upon The City Not Receiving A Funding Award From The State of California Homekey Program; And (3) Authorizing The City Administrator To Fund Loans Under The ACAH Program Without Returning To Council ; On The November 15, 2022 Special Community And Economic Development Committee Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2022-10-27 10:30 AM - Please See The Agenda To Participate In The Meeting

Meeting Time: October 27, 2022 at 10:30am PDT

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3.3 22-0822 Subject: Acquisition And Conversion To Affordable Housing (ACAH) Re-Authorization From: Housing And Community Development Department Recommendation: Adopt A Resolution (1) Allocating Up To $12,265,543 From Affordable Housing Trust Funds, Low And Moderate Income Housing Asset Funds, And Measure KK Bond Funds To The Acquisition And Conversion To Affordable Housing (ACAH) Program; (2) Allocating Additional Funds In An Amount Not To Exceed $10,000,000 From Affordable Housing Trust Funds And Excess Redevelopment Bond Funds To The ACAH Program, For A Total Amount Not To Exceed $22,265,543 Contingent Upon The City Not Receiving A Funding Award From The State of California Homekey Program; And (3) Authorizing The City Administrator To Fund Loans Under The ACAH Program Without Returning To Council ; On The November 15, 2022 Special Community And Economic Development Committee Agenda