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Affordable Housing Applications Open at The Phoenix in Oakland
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Applications are now being accepted for affordable housing units at The Phoenix, located at 811 Pine Street in Oakland, California. the development, situated in Alameda County, is being managed by EBALDC, a leading non-profit housing developer.
The availability of new affordable housing options represents a critical step in addressing the ongoing housing crisis in the Bay Area. Wiht rising rents and limited inventory, access to stable and affordable homes remains a notable challenge for many residents. The Phoenix project aims to alleviate some of this pressure by providing 100% income-restricted units, offering a range of one-, two-, and three-bedroom apartments. Construction on the $65 million project began in 2021, and it was partially funded through Measure KK, Alameda County’s affordable housing bond.
The Phoenix: A New Opportunity in Oakland
The Phoenix, located at 811 Pine Street, offers a new opportunity for individuals and families seeking affordable housing in Oakland. The project aims to provide much-needed relief in a city grappling with a severe housing shortage. Eligibility requirements include households earning between 30% and 80% of the Area Median Income (AMI) for Alameda County, which in 2023 ranged from approximately $42,000 to $112,000 for a family of four. Rents will be set according to these income levels.
EBALDC is hosting informational sessions for prospective applicants on November 16th and 29th at 6:00 PM at the EBALDC office located at 500 12th Street, Suite 200, Oakland. These sessions will provide details on the application process and answer questions from interested individuals.
EBALDC’s Role in Alameda County
EBALDC has a long-standing commitment to developing and managing affordable housing throughout Alameda County. The institution’s work is vital in ensuring that low- and moderate-income residents have access to safe, stable, and affordable homes. EBALDC’s involvement in The phoenix project underscores its dedication to expanding housing options in Oakland. As 1978, EBALDC has created over 1,600 affordable homes, serving over 4,000 residents across the county. They focus on transit-oriented development, prioritizing locations near public transportation to reduce reliance on cars.
Applying for Affordable Housing
Interested applicants are encouraged to apply for housing at The Phoenix. The application process and eligibility criteria can be obtained by contacting EBALDC at (510) 628-8500 or visiting their website at ebaldc.org. The application period is open from November 15th, 2023, through December 15th, 2023. Due to high demand, EBALDC will conduct a lottery to select applicants. Those selected will be contacted for further screening and interviews.
The need for affordable housing in alameda County continues to grow,and opportunities like The Phoenix are crucial in addressing this pressing issue. This development represents a positive step towards creating a more equitable and accessible housing landscape for all Oakland residents.
