Stuart Street Apartments
About the project
Formed in 2006, Bay Area Community Land Trust is a community based organization whose mission is to create permanently affordable, resident-run housing cooperatives.
Bay Area Community Land Trust is headquartered in Berkeley, CA, with eight affiliated housing co-ops in Berkeley and Oakland.
LISC provided $489,776 in construction financing to a partnership formed by Bay Area Community Land Trust and McGee Avenue Baptist Church to rehabiliate a vacant 8-unit apartment complex adjacent to the church into affordable rental housing. The investment is part of the Bay's Future Fund, a $500 million loan fund designed to address funding gaps in order to accelerate the preservation and production of affordable housing in five counties of the Bay Area: Alameda, Contra Costa, San Francisco, San Mateo, and Santa Clara.
Partners:
Bay Area Community Land Trust &
McGee Avenue Baptist Church
Location:
Oakland, CA
Total Investment:
$489,776
Results:
8 units preserved
Project Category:
Affordable Housing
Product:
Construction loan
Website:
UN SDGs:
 |  |