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California  + Bay Area  + Apartments  | 

‘Deeply Affordable Housing’ Projects Funded for Oakland

Affordable housing continues to be at near-crisis level across the country. In Oakland, Calif., some relief is on the way in the form of approximately $215 million to support the development of 547 deeply affordable housing rental units, according to a news release from the city:

These developments will serve Oakland households earning between 20-60% of Area Median Income (AMI) throughout the City, including 224 units of Permanent Supportive Housing/ Homeless units that would house about 280 currently unsheltered people to address the City’s homeless crisis.

The state of California is providing the money for the developments, which include:

These projects will all start construction within the next six months: 

  • 7th & Campbell – 78 affordable units, $42.98M (Oakland & the World, Inc. and McCormack Baron Salazar)
  • Ancora Place – 66 affordable units, $38.62M (Satellite Affordable Housing Associates)
  • Foon Lok East – 123 affordable units, $57.43M (MidPen Housing Corporation)
  • West Grand & Brush – 58 affordable units, $25.68M (East Bay Asian Local Development Corporation)

Inside The Story

City of Oakland

About Jason Middleton

  • ◦Policy/Gov't