2023 MAY 16 AM ll: 56
FILED
OFF !CE OF THE ·cnY CLERK
O.l'.i LA iO
Approved as to Form and Legality
City Attorney's Office
OAKLAND CITY COUNCIL
RESOLUTION NO. 89740~ C.M.S.
RESOLUTION AUTHORIZING THE CITY ADMINISTRATOR TO USE
THE EXISTING CITY CAPITAL MATCHING FUNDS IN A TOTAL
AMOUNT NOT TO EXCEED $2,600,000 TO SERVE AS THE LOCAL
MATCH FOR A STATE OF CALIFORNIA COMMUNITY CARE
EXPANSION GRANT FOR THE 1888 MARTIN LUTHER KING JR. WAY
AFFORDABLE HOUSING DEVELOPMENT
WHEREAS , the State of California created the Community Care Expansion (CCE) program in the 2021-22 State Budget and provided a total of $805 million for this program; and WHEREAS, one of the purposes of this funding was to support the creation of permanent supportive housing for extremely low-income seniors and adults with disabilities; and WHEREAS , the Housing Consortium of the East Bay (HCEB) has reached terms to become the Managing General Partner of a new Limited Partnership that will own 1888 Martin Luther King Jr. Way with the right to operate all 88 furnished units in this newly built apartment building as permanent supportive housing for at least 30 years with an option to acquire the property outright by year five with a five-year extension; and WHEREAS , HCEB applied for the City ' s Homekey Round 3 Request for Proposals , as authorized by Council Resolution No. 89379 CMS , for this project ; and WHEREAS , HCEB 's application was ranked fifth in the City ' s competitive funding process and was awarded a total of $2,600 ,000 in capital funds from the City ' s Affordable Housing Impact Fees , excess redevelopment funds , Excess Redevelopment Bond funds , Low and Moderate Income Housing Asset Funds , and/or HOME-ARP funds to serve as a local match for the State Homekey application; and
WHEREAS , HCEB ' s application sought to combine Homekey and $26 ,000,000 in CCE funding , and
WHEREAS, the $2,600 ,000 already awarded by the City to the project for its Homekey application can also be counted as the required local match for the $26 ,000,000 CCE application if the City Council authorizes the funds to be used for this purpose ; and WHEREAS , allowing the $2,600,000 to be used as a local match for CCE would not undermine the project's Homekey application; now , therefore, be it:
RESOLVED : That the City Co uncil hereby authoriz es the C ity Admini strator to use the ex istin g City award of $2,600 ,000 for the 1888 Martin Luth er Kin g Jr. Way proj ect from the C ity 's Affordabl e Hou sing Impact Fees, exces s redeve lopment fun ds, Excess Redeve lopment Bond funds , Low- and Mod erate-Incom e Housing Asse t Funds. and/or HOM E -ARP fund s to serve as the local match for the proj ect's CCE appli cation; and be it FURTHER RESOLVED : That the award of $2 ,600 ,000 to the 1888 Martin Luther King Jr. Way project will continue as a CCE match in the event that the CCE grant is awarded and the Homekey funds are not awarded .
'.;
IN COUNCIL , OAKLAND , CALIFORNIA , MAY 16 2023
PASSED BY THE FOLLOWING VOTE:
A YES - FIFE , GALLO , JENKINS, KALB , KAPLAN , RAMACHANDRA N, REID , AND PRESIDENT FORTUNATO BAS _~
NOES Xf
ABSENT ---£7
ABSTENTION p
325615lvl /MJM
ATTEST :
2 Cit y Clerk and Clerk of the Council of the
City of Oakland , California