Six Percent of Housing Under Construction in Oakland is Affordable

On August 10, the city released a progress report on its efforts to achieve goals laid out in its A Roadmap Toward Equity:  Housing Solutions for Oakland, California, a framework the City Council adopted in 2015 for how the city would address its housing crisis. 

While the report highlights positive accomplishments, like the city keeping 4,250 households from being displaced in the last year, it also shows that of the 2,781 housing units under construction in Oakland right now, only 170 of these units are deemed affordable. 

That’s six percent of the housing under construction right now.

The report states that 1,348, or roughly seven percent of the 18,793 housing units approved for construction or in the entitlement process in the city right now, are affordable units.

The city admits in its progress report that it must do more to build affordable housing. It pledges to use more impact fees and Measure A1 funds to help construct new homes, and it plans to optimize its and the school district’s public land so more affordable housing can be built there.  Currently, the city has few solid plans for how it will implement these ideas. 

The average rent for an apartment in Oakland is $2,723, according to Rent Jungle.  One-bedroom apartments go for $2,384 on average, while two bedrooms go for $3,308 on average.  Meanwhile, the median home value is $685,5000

The median household income in the city is $52,962.

Read the full report.

The Oakland Conduit is looking for housing advocacy groups to comment on the city report.  Send an email to OaklandConduit@gmail.com if interested in commenting.