Dear Friends
April 2020

Appreciation to our frontline staff!

Dear Friends, As we near the end of our 4th week of Sheltering-in-Place in the Bay Area, I want to take a moment to shout-out to EBALDC’s essential workers.  Our on-site Property Management teams, and Resident, Youth and Financial Services teams, are on the front lines, and even more essential during these challenging times.   With 30 properties, our Property Management team has been hard at work to ensure that our residents live in a healthy and supportive environment: Two properties have 24-hour front desk clerks.  They have been critical to supporting... Read more
Dear Friends
April 2020

“Dear Friends” from EBALDC CEO

Dear Friends, As we near the end of our 4th week of Sheltering-in-Place in the Bay Area, I want to take a moment to shout-out to EBALDC’s essential workers.  Our on-site Property Management teams, and Resident, Youth and Financial Services teams, are on the front lines, and even more essential during these challenging times.   With 30 properties, our Property Management team has been hard at work to ensure that our residents live in a healthy and supportive environment: Two properties have 24-hour front desk clerks.  They have been critical to supporting... Read more
News
March 2020

Preserving Oakland as the Vibrant, Diverse, Inclusive City it is Today Through Our Housing Acquisition Fund

“Our long-term vision is for an Oakland that works for everyone, particularly the residents that have made it the vibrant, diverse, inclusive city it is today.” – Joshua Simon, CEO of East Bay Asian Local Development Corporation (EBALDC).  Achieving this vision for Oakland will require all of us to think differently about how to tackle the affordable housing crisis we’re facing. That’s why in 2015, EBALDC launched the Housing Acquisition Fund — an innovative and replicable new model for preserving and expanding quality affordable housing in Oakland.  We are excited to... Read more
Commercial Real Estate
August 2019

Grants Support Housing, Homeless Programs

From Look InsideKP
Kaiser Permanente announces 2 new grants in line with its mission to create healthy communities through housing support. Pictured, Melissa Keller, center, and her 2 children, Makayla Griego, left, and Kayden Keller, right, play on the swing set at the Catholic Charities of Santa Rosa homeless shelter. As part of its commitment to support affordable housing and homeless transition programs in Northern California, Kaiser Permanente announced 2 new grants of $1 million each to organizations in Oakland and Santa Rosa. In the last year, Kaiser Permanente has committed over $30 million... View article
News
August 2019

EBALDC stands with immigrant communities against the Trump Administration’s latest attack on legal immigrants

Housing stability is a key factor in people’s overall health and wellbeing. Yesterday (August 14), the Trump Administration released its final changes to the “public charge” rule. These changes will effectively subject millions of immigrants living in this country to the possibility of deportation if they ever used or were deemed likely to use government benefits to help their families meet basic needs, like Medicaid, food stamps, and non-cash housing assistance. The changes will compel many immigrants to give up lifeline assistance that keep their families one step away from homelessness,... Read more
Commercial Real Estate
August 2019

Oakland on course to create more new housing units than SF in 2019

From San Francisco Chronicle
Builders in Oakland are on course to create more new housing units than San Francisco this year, a notable role reversal for a city that has long produced far less residential development than its wealthier and more bustling neighbor across the bay. The deluge of apartments is leading — at least temporarily — to a renters’ market in Oakland. From the Broadway Valdez neighborhood to Lake Merritt, developers are jockeying to attract well-paid Millennials not only with amenities such as yoga studios, dog-washing facilities and swimming pools, but also with concessions... View article
Media
May 2019

People on the Move 5.15.19

From Housing Finance
Jim Mather has been named chief investment officer at BRIDGE Housing, effective June 3. He will be responsible for developing and pursuing the overall capital strategy for the company, including several enterprise-level capital-raising initiatives as well as securing project-level debt and equity for BRIDGE developments. The industry veteran joins BRIDGE from Housing Trust Silicon Valley, where he has served as chief lending officer since 2013. Previously, he was the interim director of finance for East Bay Asian Local Development Corp. and has held various senior roles in community development banking at Union... View article
News
May 2019

Statement on HUD/Public Housing Restrictions

As an organization dedicated to serving all people of the East Bay, regardless of their immigration status, EBALDC fiercely opposes a proposed rule by the Department of Housing and Urban Development that would use immigration status to deny access to public housing assistance. The proposed rule would require expanded use of the Systematic Alien Verification for Entitlements (SAVE) program, which is used to verify individuals’ immigration and citizenship status. In doing so, the Trump administration is sowing fear among all of our immigrant communities. If implemented, this rule could lead to... Read more
Media
May 2019

Legislation to Establish Major New Incentive for Affordable Housing in Opportunity Zones Clears Key Committee

From Davis Vanguard
Unanimous Bipartisan Support For Legislation that would address concerns from the 2017 federal tax overhaul and build on Governor Newsom’s call for California to direct investments in low income census tracts (From Press Release) – Yesterday, the Assembly Revenue and Taxation Committee voted unanimously to advance legislation by Assemblymember Jesse Gabriel (D – San Fernando Valley) that would provide a major new incentive for the production and preservation of affordable housing in low income census tracts known as “Opportunity Zones.”  The legislation—Assembly Bill (AB) 791—would provide $200 million in new tax... View article
Media
April 2019

Why housing is now a health issue for Kaiser Permanente

From San Francisco Business Times
Over the eight years that Brian Hopkins has lived in his East Oakland apartment, he’s seen many of his neighbors wind up on the streets. “You know tent city? That was a lot of the people who lived on this block,” said 35-year-old Hopkins, who currently works staffing events at venues like Levi’s Stadium and the Coliseum. “I know them personally, friends’ moms, aunties.” Kaiser Permanente noticed the bulging homeless population in its hometown, too. It also knows the toll it takes on people’s health, with a recent study in a major medical journal finding... View article