Memo from City Manager to City Council Regarding Appropriating $379,000 in Federal HOME Funds and Authorizing the City Manager to Negotiate ... Necessary Documents to Complete the Loan to the Alameda Point Collaborative, January 4, 2012

Excerpt:

Adopt a City Council Resolution Appropriating $379,000 in Federal
HOME Funds and Authorizing the City Manager to Negotiate and
Execute the Necessary Documents to Complete the Loan to the
Alameda Point Collaborative for Acquisition and Rehabilitation of 240
Corpus Christi , 230 Corpus Christi , 2471 Orion , 2451 Orion , 201
Stardust, 251 Stardust , and 271 Stardust (Property)
Approve ARRA Financing on the Property in the Amount of $2,279,000

Link to document(s): 
Adopt a City Council Resolution Appropriating $379 000 in Federal HOME Funds and Authorizing the City Manager to Negotiate and Execute the Necessary Documents to Complete the Loan to the Alameda Point Collaborative for Acquisition and Rehabilitation
CONTRACT FOR THE USE OF HOME FUNDS BETWEEN ALAMEDA POINT COLLABORATIVE, INC. AND THE CITY OF ALAMEDA
Topics: 
Affordable Housing
Base Leases and Sales