Tags Affordable housing developer
Tag: affordable housing developer
On July 16, Public Advocates, a nonprofit law firm, sent out a press release announcing that, bowing to community pressure, Oakland has invited new proposals for affordable housing at the controversial Lake Merritt East 12th Street parcel that local groups protested against as an illegal land deal with Urban Core that violated the Surplus Land Act governing the sale of publicly owned land.
University Avenue Cooperative Homes (UACH) is to be leased to Resources for Community Development/UACH, LP, in a “ground lease” agreement with the City of Berkeley for only $1 (one dollar) a year for 55 years. The sweetheart deal will be voted on later this evening by the Berkeley City Council. The meeting begins at 7 p.m. in Council Chambers, 2134 Martin Luther King Jr. Way, Berkeley.