Oakland Housing Authority and Satellite Housing, Inc. have co-developed a 92-unit affordable senior housing development in the Eastlake neighborhood, one block from Lake Merritt. Lakeside Senior is ideally located 1 ½ blocks away from a Lucky’s Supermarket and Pharmacy, the Lake Merritt Bakery, numerous neighborhood serving restaurants and businesses as well as ½ block from two AC Transit bus lines with direct service to Downtown Oakland and BART.
The project will feature a fitness room, multimedia community room, rooftop patio deck, landscaped courtyards with raised planters for gardening activities, intergenerational programming, and a wide range of resident services designed to support seniors and their ability to live independently as long as is comfortable.
| Site Address |
|
1507 2nd Avenue |
| Land Owner |
|
Oakland Housing Authority |
| Project Partner(s) |
|
Satellite Affordable Housing Associates |
| Architect(s) |
|
David Baker + Partners Architects |
| Total # of Units |
|
92 one-bedroom apartments, including one manager’s unit |
| Target Clientele |
|
Seniors with maximum incomes up to 50% AMI |
| Development Cost |
|
Approximately $28 Million |
Completion Date |
|
Fall 2014 |
| Sources of Funding |
|
Oakland Housing Authority (OHA)
OHA Long-Term Ground Lease
Section 8 Project-Based Voucher Loan
Wells Fargo Bank
California Department of Housing and Community Development – MHP loan
|
| |
|
California Community Reinvestment Corporation
Federal Home Loan Bank of San Francisco – AHP grant
|
| Green Building |
|
LEED for Homes |
Lakeside Senior Housing Fact Sheet-Printable Version