OAKLAND –Three affordable housing projects in the city are being awarded almost $50 million under a state program that promotes sustainable land use and transportation planning along with greenhouse gas reductions.
One of the three affordable housing projects includes a development project in East Oakland:
Coliseum Connections, a 110-unit mixed-income, multi-family project near the Coliseum BART station, will receive $14,844,762; the project, by UrbanCore Development LLC, includes repurposing an existing BART parking lot. Half of the units are supposed to be below market rate, with the rest intended as workforce housing for families earning between 60 percent and 100 percent of the area’s median income.
Read the original and full article in the East Bay Times>>.