As part of its Project Homekey Initiative, the State of California has awarded the City of Oakland nearly $17.5 million of Project Homekey funding for two innovative housing projects that when complete, will offer 104 units of housing for people experiencing or at-risk of homelessness, including those recently released from incarceration.
Housing & Community Development
The Department of Housing and Community Development is dedicated to improving Oakland's neighborhoods and to making sure all Oaklanders have safe and affordable housing.
Yesterday, the City of Oakland was awarded $20 million for two housing projects targeting some of the City’s most vulnerable residents. Governor Newsom announced the Homekey awards as the next phase in the state’s response to protecting Californians experiencing homelessness who are impacted by COVID-19.
City of Oakland Awarded $4.5M in CARES Act Funding to Support Low- and Moderate-Income Renters and Homeowners Affected by COVID-19
The City of Oakland was awarded $4,532,841 in Community Development Block Grant CARES Act (CDBG-CV) funding by the United States Department of Housing & Urban Development (HUD). The funds will provide housing service support to prepare for, prevent, and respond to the impacts that the Coronavirus pandemic have had and continue to have on low- to moderate-income renters and homeowners of Oakland.
Director, Housing & Community Development
Shola Olatoye (o-LAH-twoh-yay) is an experienced real estate and management executive with more than 20 years of experience launching and managing public-private partnerships. She served as Vice President of Business Development for Suffolk Construction, a national construction management firm. Prior to joining Suffolk, Shola served as Chief Executive Officer of the New York City Housing Authority (NYCHA), the largest public housing authority in the nation. As a Mayoral appointee, Shola launched NextGeneration NYCHA, the agency’s 10-year turnaround plan. She led her team to balance the $3.1 billion operating budget for three consecutive years, launched a major real estate development program, and founded a social impact nonprofit, the Fund for Public Housing.
Ms. Olatoye graduated with a B.A. with honors in history and African American studies from Wesleyan University. She also earned a master’s degree in public administration from NYU’s Wagner Graduate School of Public Service, where she currently serves as a Visiting Scholar teaching in the Masters of Urban Planning program on management and leadership.