City of Oakland Awards $37.5M in Funding for New Affordable, Multifamily Rental Housing
The City of Oakland recently awarded approximately $37.5 million to support the development of 249 deeply affordable housing rental units to continue its efforts to address Oakland’s affordable housing crisis. These housing units will serve low and extremely low-income Oakland households earning between 20-60% of Area Median Income (AMI), including 133 units of Permanent Supportive Housing/ Homeless units to help those Oaklanders experiencing homelessness.
