In Case You Missed It...(5/25/2018)

Here are top development stories in Oakland during the week of May 21, 2018

A Healthcare Giant Enters the Battle for Cheaper Housing
Published by City Lab on May 21, 2018
https://www.citylab.com/equity/2018/05/a-healthcare-giant-enters-the-battle-for-cheaper-housing/560741/
Housing is healthcare. That’s a common refrain among leaders working on public health issues that range from substance abuse to food insecurity. Fighting poverty and homelessness, and treating the many negative health outcomes associated with living outside shelter, starts with helping people secure safe, affordable housing. It’s the bedrock tenet of the “housing first” movement.

Exclusive: 18-story Oakland tower, Broadway-Valdez's largest housing project, to break ground
Published by the San Francisco Business Times on May 21, 2018
https://www.bizjournals.com/sanfrancisco/news/2018/05/21/oakland-housing-broadway-valdez-auto-row.html
The developer has three major Oakland housing projects.

Oakland Failed to Spend $2.2 Million on Anti-Displacement and Homeless Assistance
Published by the East Bay Express on May 22, 2018
https://www.eastbayexpress.com/SevenDays/archives/2018/05/22/oakland-failed-to-spend-22-million-on-anti-displacement-and-homeless-assistance
Eleven months ago, the Oakland City Council voted to set aside $2.2 million in funds it receives from the state in order to pay for expanded anti-displacement and homelessness prevention services.

Oakland ethics panel investigates money given to Councilwoman Brooks
Published by the East Bay Times on May 23, 2018
https://www.eastbaytimes.com/2018/05/22/oakland-ethics-panel-investigates-money-given-to-councilwoman-brooks/
OAKLAND — The Oakland Public Ethics Commission confirmed Tuesday it is investigating whether Oakland Councilwoman Desley Brooks violated city ethics rules by allegedly failing to report money she received from the Millsmont Farmers Market.

CIT Serves Arranges $107.5MM For Oakland Residential Project
Published by ABLA Advisor on May 23, 2018
http://www.abladvisor.com/news/14087/cit-serves-arranges-107-5mm-for-oakland-residential-project
CIT Group Inc. announced that its Real Estate Finance division was the sole lead arranger of a $107.5 million senior-secured construction loan for a new 333-unit multifamily residential development planned for Downtown Oakland, Calif.