OAKLAND — About $48 million of city and county funds were set aside for the construction of new affordable housing in Oakland before the end of 2017, as well as $9.5 million in bond money toward renovating existing affordable housing.

The City Council, during its last meeting of the year Dec. 18, authorized $13.5 million in funds from the city’s affordable housing trust fund to be used as affordable housing loans for up to 10 new developments in Oakland, and allocated $34.4 million of Alameda County housing bond funds set aside for Oakland projects to help pay for some of those developments.

“I’m thrilled that we’re actually spending this money on these important projects,” Councilman Dan Kalb said at the meeting.

The projects include the Camino 23 mixed-use development in Fruitvale, Coliseum Place in East Oakland, MacArthur Apartments at 9800 MacArthur Blvd., a five-story building at 3268 San Pablo Ave., the second phase of the Fruitvale Transit Village, a mixed use-building at Seventh and Campbell streets in West Oakland, family housing at 3801 Martin Luther King Jr. Way, a development expected to have more than 150 units at Brush Street and West Grand Avenue, and family housing at 34th Street and San Pablo Avenue.

Councilman Abel Guillen, via email, said the money will go toward a total of 518 affordable housing units.

The City Council also approved allocating $9.5 million of Measure KK funds to go toward renovating and preserving existing housing. Those include Howie Harp Plaza, Empyrean Tower, Fruitvale Studios, Town Center at Acorn, The Courtyard at Acorn, Harrison Hotel, Ninth Avenue and James Lee Court. Guillen said the Measure KK funds will be used to preserve 20 housing units and convert 66 into affordable units.

The Measure KK bond, passed by voters in 2016, provides $600 million for infrastructure and affordable housing. Mayor Libby Schaaf aims to use that money to help achieve her goal of protecting 17,000 Oakland households from displacement and building 17,000 new housing units by 2024, according to a release from the mayor’s office.

“The only solution to homelessness is housing,” Schaaf said in a statement. “Every unit helps fight our cost of living crisis, and that’s why I’m thankful to Oakland voters who passed Measure KK. The measure protects vulnerable Oaklanders across the city from being forced out of affordable housing and helps keeps long-term residents rooted in our community.”