Uncategorized
Sen. Glazer Introduces Legislation to Restore Local Control to School Boards
Senator Steve Glazer, D-Contra Costa, announced this week that he has introduced legislation that would restore fiscal responsibility to the budgeting decisions of local school districts.
The legislation would reform the state’s school reserve cap to give schools more room to plan for the future.
The bill, SB 799, was introduced Thursday.
The state’s reserve cap limits school districts to setting aside 6 percent of their budgets to prepare for economic downturns. Sen. Glazer is part of a coalition of legislators and the California School Board Association proposing to raise the cap to 17 percent.
“Getting the state’s financial balance sheet in order has been an important goal of the Governor and the Legislature,” Glazer said. “That leadership should be applauded. But what we don’t want to do is exercise fiscal responsibility at the state level only to erode that same financial prudence on the local level.
“This legislation rebalances our system of state and local budget responsibility. It restores important local control by elected school board members. It provides transparency and financial accountability closer to stakeholders and the public.”
The proposal would raise the cap from approximately 6 percent to 17 percent. This cap applies only to funds that have not been set-aside for specific purposes.
Seventeen percent is the minimum recommended that the Government Finance Officers Association recommends for local governments.
Further, the proposal would ensure that the cap does not apply to money set aside for such things as emergencies or future large purchases, such as technology, school buses, instructional materials, or of future obligations such as construction projects, retiree benefits or self-insurance.
The legislation also would increase transparency by requiring school boards to specify reserve levels and why they exist. This would be done at a public meeting with an opportunity for community input; and exempt small school districts (with fewer than 2,501 students) and districts that don’t receive state aid.
Small districts can be hit with sudden expenses at any moment such as increased special education costs or loss of enrollment.
Uncategorized
Oakland Housing and Community Development Department Awards $80.5 Million to Affordable Housing Developments
Special to The Post
The City of Oakland’s Housing and Community Development Department (Oakland HCD) announced its awardees for the 2024-2025 New Construction of Multifamily Affordable Housing Notice of Funding Availability (New Construction NOFA) today Five permanently affordable housing developments received awards out of 24 applications received by the Department, with award amounts ranging from $7 million to $28 million.
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
In December, the office of Rebecca Kaplan, interim District 2 City Councilmember, worked with HCD to allocate an additional $10 Million from Measure U to the funding pool. The legislation also readopted various capital improvement projects including street paving and upgrades to public facilities.
The following Oakland affordable housing developments have been awarded in the current round:
Mandela Station Affordable
- 238 Affordable Units including 60 dedicated for Homeless/Special Needs
- Award: $15 million + previously awarded $18 million
- Developer: Mandela Station LP (Pacific West Communities, Inc. and Strategic Urban Development Alliance, LLC)
- City Council District: 3
- Address: 1451 7th St.
Liberation Park Residences
- 118 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $28 million
- Developer: Eden Housing and Black Cultural Zone
- City Council District: 6
- Address: 7101 Foothill Blvd.
34th & San Pablo
- 59 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $7 million
- Developer: 34SP Development LP (EBALDC)
- City Council District: 3
- Address: 3419-3431 San Pablo Ave.
The Eliza
- 96 Affordable Units including 20 dedicated for Homeless/Special Needs
- Award: $20 million
- Developer: Mercy Housing California
- City Council District: 3
- Address: 2125 Telegraph Ave.
3135 San Pablo
- 72 Affordable Units including 36 dedicated for Homeless/Special Needs
- Award: $10.5 million
- Developer: SAHA and St. Mary’s Center
- City Council District: 3
- Address: 3515 San Pablo Ave.
The source of this story is the media reltations office of District 2 City Councilmember Rebecca Kaplan.
Activism
Oakland Housing and Community Development Department Awards $80.5 Million to Affordable Housing Developments
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
Special to The Post
The City of Oakland’s Housing and Community Development Department (Oakland HCD) announced its awardees for the 2024-2025 New Construction of Multifamily Affordable Housing Notice of Funding Availability (New Construction NOFA) today Five permanently affordable housing developments received awards out of 24 applications received by the Department, with award amounts ranging from $7 million to $28 million.
In a statement released on Jan. 16, Oakland’s HCD stated, “Five New Construction Multifamily Affordable Housing Development projects awarded a total of $80.5 million to develop 583 affordable rental homes throughout Oakland. Awardees will leverage the City’s investments to apply for funding from the state and private entities.”
In December, the office of Rebecca Kaplan, interim District 2 City Councilmember, worked with HCD to allocate an additional $10 Million from Measure U to the funding pool. The legislation also readopted various capital improvement projects including street paving and upgrades to public facilities.
The following Oakland affordable housing developments have been awarded in the current round:
Mandela Station Affordable
- 238 Affordable Units including 60 dedicated for Homeless/Special Needs
- Award: $15 million + previously awarded $18 million
- Developer: Mandela Station LP (Pacific West Communities, Inc. and Strategic Urban Development Alliance, LLC)
- City Council District: 3
- Address: 1451 7th St.
Liberation Park Residences
- 118 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $28 million
- Developer: Eden Housing and Black Cultural Zone
- City Council District: 6
- Address: 7101 Foothill Blvd.
34th & San Pablo
- 59 Affordable Units including 30 dedicated for Homeless/Special Needs
- Award: $7 million
- Developer: 34SP Development LP (EBALDC)
- City Council District: 3
- Address: 3419-3431 San Pablo Ave.
The Eliza
- 96 Affordable Units, including 20 dedicated for Homeless/Special Needs
- Award: $20 million
- Developer: Mercy Housing California
- City Council District: 3
- Address: 2125 Telegraph Ave.
3135 San Pablo
- 72 Affordable Units including 36 dedicated for Homeless/Special Needs
- Award: $10.5 million
- Developer: SAHA and St. Mary’s Center
- City Council District: 3
- Address: 3515 San Pablo Ave.
The source of this story is media reltations office of District 2 City Councilmember Rebecca Kaplan.
Alameda County
Oakland Acquisition Company’s Acquisition of County’s Interest in Coliseum Property on the Verge of Completion
The Board of Supervisors is committed to closing the deal expeditiously, and County staff have worked tirelessly to move the deal forward on mutually agreeable terms. The parties are down to the final details and, with the cooperation of OAC and Coliseum Way Partners, LLC, the Board will take a public vote at an upcoming meeting to seal this transaction.
Special to The Post
The County of Alameda announced this week that a deal allowing the Oakland Acquisition Company, LLC, (“OAC”) to acquire the County’s 50% undivided interest in the Oakland- Alameda County Coliseum complex is in the final stages of completion.
The Board of Supervisors is committed to closing the deal expeditiously, and County staff have worked tirelessly to move the deal forward on mutually agreeable terms. The parties are down to the final details and, with the cooperation of OAC and Coliseum Way Partners, LLC, the Board will take a public vote at an upcoming meeting to seal this transaction.
Oakland has already finalized a purchase and sale agreement with OAC for its interest in the property. OAC’s acquisition of the County’s property interest will achieve two longstanding goals of the County:
- The Oakland-Alameda Coliseum complex will finally be under the control of a sole owner with capacity to make unilateral decisions regarding the property; and
- The County will be out of the sports and entertainment business, free to focus and rededicate resources to its core safety net
In an October 2024 press release from the City of Oakland, the former Oakland mayor described the sale of its 50% interest in the property as an “historic achievement” stating that the transaction will “continue to pay dividends for generations to come.”
The Board of Supervisors is pleased to facilitate single-entity ownership of this property uniquely centered in a corridor of East Oakland that has amazing potential.
“The County is committed to bringing its negotiations with OAC to a close,” said Board President David Haubert.
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