Oakland receives $50M for affordable housing

Published by The Real Deal
December 2022

Oakland was awarded $50 million from the state to develop affordable housing, and the city will be partnering with local nonprofit developers to complete projects.

The awards came through the California Housing Accelerator and the Local Housing Trust Fund programs. The Housing Accelerator funds affordable housing projects that, despite having received one or more awards from other HCD programs, are unable to move forward due to funding gaps.

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