2327-2025: To repeal ordinance 1765-2025 in its entirety; to authorize the Director of Development to enter into a grant agreement with Oregon Corporation for Affordable Housing for development of 84 housing units in an amount up to $2,020,000.00; to authorize the Director of the Department of Development to approve and execute an Assignment and Assumption Agreement that allows the Oregon Corporation for Affordable Housing to assign some of its rights, responsibilities, and obligations under the grant agreement to Reserve at Maryland Avenue, LLC; to authorize the appropriation of funds within the Income Set Aside Subfund and the Affordable Housing Bond Fund; to authorize the transfer of cash between the Income Tax Set Aside Subfund and the Affordable Housing Bond Fund; to authorize the expenditure of up to $2,020,000.00 within the Affordable Housing Bond Fund; to authorize the reimbursement of construction expenditures incurred prior to the establishment of a purchase order beginning January 1, 2024; and to declare an emergency. ($2,020,000.00)