The City of Oakland’s feverish housing market, soaring rents and steep homeownership prices are exacerbated by the underproduction of affordable housing. The most severely impacted communities are highly vulnerable, with many low-income families and people of color finding themselves priced out of the housing market, displaced to the far corners of the region or homeless.
We are grateful to receive support and expertise from Citi Foundation through its Community Progress Makers program to aid our efforts to stop the exodus of low- and moderate-income residents. Enterprise is working in partnership with the mayor’s office, regional transportation and land use agencies, community stakeholders and skilled nonprofit developers to spur production of affordable housing and preserve the existing stock to ebb displacement and provide opportunities for low- and moderate-income families to stabilize their lives.
We are grateful to Citi Foundation for more than 30 years of philanthropic support and investment in helping to drive economic opportunity across the country.