In Case You Missed It...

Below are the top Oakland development stories for the week of August 14, 2017:

Investigators cannot determine cause in Oakland construction fire
Published by the San Francisco Chronicle on August 11, 2017
http://www.sfchronicle.com/bayarea/article/Investigators-cannot-determine-cause-in-Oakland-11750761.php
The cause of a fire that demolished an under-construction complex in Oakland last month cannot be determined, federal investigators said Friday, leaving open the question at the center of a battle over development and displacement in the city.

Oakland Housing: Construction On Track, But Behind On Affordable Housing
Published by Hoodline on August 11, 2017
http://hoodline.com/2017/08/oakland-housing-construction-on-track-but-behind-on-affordable-housing
Oakland Mayor Libby Schaaf is touting a new report saying that the city is on track in its goals in building new housing, but the bulk of that construction is market-rate units. As a result, the city remains way behind in its goals when it comes to building affordable housing.

Only Six Percent of Housing Under Construction in Oakland Is Affordable
Published by the East Bay Express on August 11, 2017
https://www.eastbayexpress.com/SevenDays/archives/2017/08/11/only-six-percent-of-housing-under-construction-in-oakland-is-affordable
According to a new City of Oakland report, there are 18,793 housing units in the city's development pipeline, and 2,781 of these homes are already under construction.

The income you need to buy a home in California has doubled since 2012 — and it's even worse in the Bay Area
Published by the San Francisco Business Times on August 14, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/08/14/california-housing-affordability-income.html
Homebuyers in California need twice the income now to buy a house than they did in 2012, according to a new report by the California Association of Realtors.

'Boxouse' Transforms Shipping Containers Into Affordable Housing
Published by Hoodline on August 14, 2017
http://hoodline.com/2017/08/boxouse-transforms-shipping-containers-into-affordable-housing
The Port of Oakland holds and receives nearly 2.4 million shipping containers each a year. If Luke Iseman had his way, Oakland would hold onto even more of them.

After downsizing affordable housing in Marin, lawmaker proposes taxing corporations to fund it elsewhere
Published by the San Francisco Business Times on August 14, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/08/14/california-corporate-tax-rate-affordable-housing.html
A few months after winning a provision that allows Marin County to limit its housing growth until at least 2028, Assemblyman Marc Levine is seeking a new solution to the affordable housing crisis: raising corporate taxes.

Why 83 percent of Bay Area renters say they plan to leave
Published by the San Francisco Business Times on April 16, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/08/16/why-83-percent-of-bay-area-renters-say-they-plan.html
A new study has found that 83 percent of Bay Area renters say they plan to leave the region, with two-thirds of those saying the high cost of living here will be the factor that pushes them out.

San Francisco’s booming housing market could feel 'major impact' from recession
Published by the San Francisco Business Times on August 16, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/08/16/san-francisco-housing-market-zillow-economy.html
San Francisco’s booming housing market could feel a “major impact” from the next recession, which is most likely to occur sometime before the end of 2020, according to a quarterly survey of housing experts and economists conducted for Zillow.

Wells Fargo Hit With Oakland’s Refiled Loan Discrimination Suit
Published by BNA on Aug. 16, 2017
https://www.bna.com/wells-fargo-hit-n73014463205/
The city of Oakland, Calif., has re-filed a Fair Housing Act lawsuit against Wells Fargo, marking the latest move in a cluster of cases that will test such claims under a recent U.S. Supreme Court ruling ( Oakland v. Wells Fargo Bank N.A. , N.D. Cal., 15-cv-04321, amended complaint 8/15/17 ).