$15,000 OPDC: Oakland Affordable Living
PROJECT: Oakland Affordable Living
PROGRAM: 2015 Small & Simple Grants
GRANTEE: Oakland Planning and Development
OPDC’s Small and Simple grant will be used to re-apply to the Pennsylvania Housing Finance Agency (PHFA) for Low Income Housing Tax Credits (LIHTC) to finance the Oakland Affordable Living project. OPDC will develop 49 units of 100% affordable housing in Oakland. Specifically they plan to renovate Allequippa Place, a 25-year-old, 24-unit multiplex and construct a new 25-unit fully accessible apartment building on adjacent vacant land. The project team includes OPDC as developer, Diamond & Associates as application consultant, Sota Construction as general contractor, Loysen Kreuthmeier Architects, and Regional Housing Legal Services. The URA, the Mayor’s Office, and community groups enthusiastically support the project. OPDC is meeting with potential equity investors, including a recent meeting with Tony Lyons of National Equity Fund.
Oakland Affordable Living will provide high-quality, energy efficient housing in a desirable heart-of-the-city location – close to employment, education, public transit, and strong neighborhood groups. The development seeks to provide the housing that low income families need, can afford, and in a location that further reduces their living expenses. The project will help to maintain housing opportunities for a diverse mix of residents – to keep Oakland a vibrant, equitable, and attractive community consistent with The Oakland 2025 Master Plan goals.