The Unity Council proudly owns 2022 36th Ave, a 17-unit property! The property was purchased with a combination of funds from LISC, First Republic Bank,
and the City of Oakland. Our acquisition preserves the affordability of this
property for at least the next 55 years, and most likely much longer.
The purchase of this property along with the purchase of 1921 36th Ave represents a significant increase in us Property Management and Real Estate Development portfolio. We are excited about how these acquisitions contribute to our strategic plan of building Neighborhood Hubs of co-located and interconnected services.
The existing tenants have rent control and are able to remain in place. As
units become available in these buildings, new tenants will have incomes
at or below 60% of the AMI, ensuring that these properties remain homes
for low- to moderate-income people.
