The Unity Council is now the proud owner of 1921 36th Ave. We recently purchased the property 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 2022 36th Ave and 2700 International Blvd represents a significant increase in our 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.
This property is fully occupied and we are now conducting outreach to the existing tenants to let them know of the services and programs that we offer. 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 80% of the AMI, ensuring that these properties remain homes for low- to moderate-income people.
Rebeca Martinez, Assistant Property Manager
1921 36th Ave. Oakland, CA. 94601