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Oakland gets $40.7M housing grant
Oakland’s grant of $40,769,344 will support the development of 673 housing units affordable to residents who earn between 20% and 80% of the area's median income.
OAKLAND, Calif. - Oakland is one of seven California cities to receive a housing improvement grant from the state, officials announced on Monday.
Specifically, Oakland will get $40.7 million to develop 673 housing units to residents who earn between 20% and 80% of the area's median income. The money will go to clear away vegetation, installing sewer mains, surfacing roads and make capital improvements.
The housing units that will get the money are:
Lake Merritt BART Senior Housing, 285 12th Street, 121 E. 12th Street, Liberation Park Market Hall, Cultural Hub and Residences, West Oakland BART Transit Oriented Development and
Villa Oakland.
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The money comes from the State Housing and Community Development department through its Infill Infrastructure Grant Catalytic program.
In total, Oakland has received $53 million in funds from the state.
Other cities in the Bay Area that got similar grants include: San Francisco was awarded $45 million, El Cerrito got $20 million and Santa Rosa received $9 million.