Dear Friends
November 2021

Preserving Affordable Housing. Keeping Families Housed.

As part of our vision for an East Bay where everyone has a place to call home, EBALDC launched the Housing Acquisition Fund (HAF) in 2015. HAF is designed to preserve and expand quality affordable housing for low- and moderate-income families and individuals in the East Bay. One of those properties is Highland Palms. Highland Palms was purchased in 2017 with support from The San Francisco Foundation, NeighborWorks Capital and Community Housing Capital, and later refinanced with Enterprise Community Loan Fund, the City of Oakland, and First Republic Bank. In June,... 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
Media
January 2019

Healthcare giant Kaiser buys Oakland building for affordable housing

From SF Curbed
The Oakland-based healthcare giant Kaiser Permanente announced a surprise entry into the housing sector Wednesday, a gesture that the company frames as a health-related move by way of cutting back on housing insecurity. According to a company announcement, “an approximate $5.2 million has been committed to acquire a 41-unit housing complex in East Oakland, near Kaiser Permanente’s national headquarters” for affordable housing purposes. Kaiser identifies the building as the Kensington Gardens Apartments on 26th Avenue, a circa-1928 building that previously sold in 2015 for $4.15 million.... View article
Media
January 2019

Kaiser Announces 3 Initiatives To Fight Homelessness During Event With Mayor Schaaf

From SF Gate
Kaiser Permanente leaders on Tuesday announced three major initiatives aimed at improving health outcomes by creating stable housing for homeless people in Oakland and across the country. Bernard Tyson, the chairman and chief executive of Kaiser, which is based in Oakland, said, “Housing security is a crucial health issue for vulnerable populations.” Joined by Oakland Mayor Libby Schaaf and others at a news conference at City Hall, Tyson said, “Access to affordable housing is a key component to Kaiser Permanente’s mission to improve the health of our members and the communities... View article