Project Description
Oakland 34
Address: 10920 MacArthur Blvd., Oakland, Calif. 94605
Phone Number: (510) 562-1715
Year Completed: 2014
Type: Senior | Units: 33
Management: Solari Enterprises, Inc.
Partners/Lenders:
- Bank of America
- Western Community Housing
- California Tax Credit Allocation Committee (CTCAC)
- Federal Home Loan Bank Affordable Housing Program
Oakland 34, a new, 33-unit senior apartment community, is the cornerstone of a redevelopment along MacArthur Boulevard in Oakland.
Meta Housing Corporation acquired the land, which was originally entitled for a for-sale condo project, and completed the necessary re-entitlements in order to construct this new, affordable rental community.
Oakland 34 will be part of the transformation of an entire Oakland neighborhood, in which there are currently a number of projects under construction.
Meta Housing Corporation’s new community was financed with 9% tax credits, as well as funding from the Federal Home Loan Bank of San Francisco’s AHP fund.