New Markets Tax Credit Coalition

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  • Oakland,
  • CA
  • (2010)

Habitat for Humanity East Bay/Silicon Valley

District: Lateefah Simon (D-CA12)

NMTC financing supported the construction of 50 affordable homes for Habitat for Humanity, East Bay/Oakland. The project also provided housing counseling.

Investment

  • NMTC Amount: $6,875,958
  • Total Project Cost: $6,875,958

IMPACT

  • 44 FTE jobs
  • 44 construction jobs
  • Construction of 50 affordable homes.

CDEs

Investor

Voices from the Community

Due to the NMTC deals, we are able to build affordable homes in our community for home-ownership which in turn builds more opportunities and stable communities for all involved.

-Christine Chu, Controller, Habitat for Humanity EBSV, Oakland, California

Leveraging the NMTC means that we are able to serve more low income families in need of a safe and affordable home.

-Janice Jensen, Habitat for Humanity East Bay/Silicon Valley, Oakland, California

Project Description

NMTC financing supported the construction of 50 affordable homes for Habitat for Humanity, East Bay/Oakland. The project also provided housing counseling.

MAP

Address: 935 84th Avenue, Oakland, CA 94621

Census Tract: 6013314104

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