This ordinance updates the Affordable Housing Trust Fund provisions in the Oakland Municipal Code to allow funds from redevelopment dissolution to be used for operating and rental subsidies for housing serving people experiencing homelessness and extremely low-income households. It also removes the 2027 sunset date on using these funds for anti-displacement and homelessness prevention services.
Subject: Affordable Housing Trust Fund Ordinance Update From: Housing And Community Development Department Recommendation: Adopt An Ordinance Amending Chapter 15.62 Of The Oakland Municipal Code To Allow Affordable Housing Trust Funds From Funds Distributed To The City Under Redevelopment Dissolution Laws To Be Used For Operating And Rental Subsidies For Housing Serving People Experiencing Homelessness And Households With Extremely Low Incomes, And Removing The 2027 Sunset Date On Using Such Funds For Anti-Displacement And Homelessness Prevention Services
What it does
- 1Allows Affordable Housing Trust Funds from redevelopment dissolution funds to be used for operating and rental subsidies for housing serving homeless and extremely low-income households.
- 2Removes the 2027 sunset date on the use of these funds for anti-displacement and homelessness prevention services.
- 3Amends Chapter 15.62 of the Oakland Municipal Code to reflect these changes.
This ordinance updates the Affordable Housing Trust Fund provisions in the Oakland Municipal Code to allow funds from redevelopment dissolution to be used for operating and rental subsidies for housing serving people experiencing homelessness and extremely low-income households. It also removes the 2027 sunset date on using these funds for anti-displacement and homelessness prevention services.
Activity timeline
- Status changedImpact 50
27-0113: Introduced In Council → Passed
- Status changedImpact 30
27-0113: In Committee → Introduced In Council
- Status changedImpact 30
27-0113: In Council → In Committee
- Status changedImpact 30
27-0113: In Committee → In Council
- ActionImpact 15
27-0113 introduced (Ordinance)
Legislative history
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