Post Date: Jun 18, 2018
The City's cannabis ordinances require the half of all permits go to equity applicants until the Equity Assistance Program, which includes a revolving loan fund for equity applicants is funded, established and implemented. The City of Oakland has collected the minimum amount to fund the revolving loan program and has put out a Request For Qualifications (RFQ) for a consultant to administer the program. We expect the consultant to be selected in June and for the consultant to develop the program in the next few months at which point the permitting restriction of the initial phase will sunset. Please note, though, that general applicants who have committed to incubating equity applicants for three years in order to receive permitting priority will still be required to incubate the three full years.