After recently receiving nearly $90 million in awards for affordable housing developments, the City of Oakland is pleased to announce additional awards totaling nearly $30 million. The new funding awards will assist in building 227 more affordable units in East and West Oakland.
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.
City of Oakland Affordable Housing Development Projects Awarded $90 Million from State Climate Action Programs
Three affordable housing developers were awarded a total of nearly $90 million, from two extremely competitive State of California funding programs, intended to develop green, resilient affordable housing in Oakland.
These three new construction developments will provide 462 units of affordable family housing for Oakland residents, prevailing wage construction jobs, and local contracting opportunities.
The City of Oakland is interested in understanding how the COVID-19 pandemic has affected our community of residential tenants and property owners. The Rent Adjustment Program (RAP) within the Housing & Community Development Department (HCD) has administered a survey to capture key information from the community.
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.
Oakland, CA 94612