Media
May 2018

CIT Provides $107M to JV for Oakland Mixed-Use Project

From Commercial Observer
CIT Group provided a $107 million construction loan to a joint venture between a Brookfield Property Partners-sponsored private real estate fund and The Martin Group to fund the development of a planned mixed-use residential project in downtown Oakland, Calif., the bank announced yesterday. The senior secured construction loan funds Station on 12th, a planned, seven-story mixed-use and residential project at 301 12th Street that features 333 market-rate apartment units and 23,570 square feet of ground-level retail space. Additional financing details were not disclosed.... View article
News
November 2017

EBALDC is Opening Five Project-Based Voucher Waiting Lists

EBALDC announces the opening of five (5) Project-Based Voucher (PBV) waiting lists: Monday, November 13, 2017 through Friday, November 17, 2017 From 11/13/17 – 11/17/17 the following 5 EBALDC properties will open their PBV waiting lists for new pre-applications: California Hotel Effie’s House Apartments Lillie Mae Jones Plaza Marcus Garvey Commons Seven Directions Apartments Pre-applications are specific for each property will be available during the open period to download and print online at www.ebaldc.org/how-to-apply. Note: The 5 sites and our San Pablo Ave. main office location will not be distributing pre-applications. Completed... Read more
Media
July 2017

Opinion: In Oakland, people can’t find a place to call home

From East Bay Times
When my organization teamed up with the Oakland Housing Authority to develop our latest affordable housing complex, we knew there would be a lot of interest. In the face of soaring housing costs, the Bay Area has a well-documented shortage of affordable homes. True to our expectations, applications poured in for the new Prosperity Place building, which opened this year in Chinatown. By the end of the process, we had received a total of 12,000 applications — for just 71 new affordable apartments. Behind each and every one of those applications... View article
Media
June 2017

A Boot Camp for Non-Profits Combating Homelessness Across California

From Huffington Post
For the people dedicated to closing California’s housing gap through the complex and highly-regulated world of affordable home development, there is no roadmap. “We refer to regulations every day, all day long,” said Zohreh Khodabandelu, a project manager for Resources for Community Development, a Berkeley-based affordable housing developer that has built 2,200 homes in the Bay Area. “There is the financial part, rental market analysis, entitlement process, site feasibility, tax credits. Each project is comprised of many small pieces. We have to keep track of all of them.” For most project... View article
Media
June 2017

New podcast episode from the Federal Reserve highlights connection between health and economic opportunity

From Build Healthy Places Network
Did you know that each of the 12 regional Federal Reserve Banks has a community development function? The Community Development departments of the Federal Reserve System conduct outreach and research on issues facing low- and moderate-income households. Like many organizations across the country over the last few years, they understand the importance of looking at community and economic development through a health lens. “Health is a bigger concept than medical care,” according to David Erickson, community development officer at the Federal Reserve Bank of San Francisco. “It’s the sum record of... View article
Press Releases
February 2017

New Leaders Step Forward in Oakland’s Affordable Housing Crisis

Oakland, CA – Alameda County Public Health Department Director Muntu Davis, M.D., M.P.H. and political leader and small business owner Sean Sullivan were recently selected to the East Bay Asian Local Development Corporation (EBALDC) Board of Directors. Davis is currently the Alameda County Public Health Department Director (ACPHD). As the Director, he provides leadership, direction and oversight to the department and its divisions and programs to ensure the optimal health and well-being of all County residents. As the County Health Officer, he provides direction for public health protection, health policy development... Read more
Letters from the Executive Director
November 2016

Letter from the Executive Director – Election Results

Dear EBALDC Family, As the shock of the national election results continues to soak in, many of us are concerned about the future of an America that is equitable and inclusive of us all. At the very least, it has been a reminder about the importance of voting and civic participation on every level. Despite what you may feel at this moment in time, the local election results represent a beacon of hope for the values of equity and inclusion. Oakland and Alameda County as a whole have passed measures to support... Read more
Letters from the Executive Director
September 2016

Letter from the Executive Director – 2016 Election

Dear Friends and Colleagues of EBALDC, Rarely has an election mattered more. With a wide range of measures on the upcoming ballot, this year’s election is critical. Our neighborhoods, city, state, and country are at a crossroads, and your vote is indispensable in determining the future of the Bay Area. This year’s ballot will be one of the longest many of us have ever seen, but please make the time to read it all the way through! There are many affordable housing funding measures that will address renter’s rights, the ongoing reductions in... Read more
News
May 2016

EBALDC Selected by Citi Foundation’s Community Progress Makers Fund Grant Program to Accelerate Economic Opportunity

EBALDC is honored to be selected as a recipient of the Community Progress Makers Fund, a $20 million grant initiative to support 40 visionary nonprofit organizations in their efforts to establish new approaches to long-standing urban economic challenges in the United States – including economic development, environment sustainability, urban infrastructure and affordable housing. As part of the program, EBALDC will receive a core operating support grant of $500,000 over the course of two years to continue our work in the community. In addition to the grant, EBALDC will also have access to technical... Read more