DRASNIN MANOR
www.ebaldc.org
2530 INTERNATIONAL BOULEVARD, OAKLAND, CA 94601
Once abandoned and at risk of foreclosure, Drasnin Manor exemplifies how careful acquisition and rehabilitation of a building can preserve affordable housing and contribute to neighborhood revitalization. The building provides 26 one, two, and three bedroom units for very-low-income families and a storefront retail space for a small local business or service provider, all located on a transit-friendly Oakland thoroughfare. Residents will enjoy the remodeling of unit interiors, structural and exterior improvements, sustainable green features and community amenities.
DEVELOPMENT OVERVIEW • 26 one, two, and three-bedroom healthy affordable homes • 25 units approved for Project-Based Section 8 • Computer lab, community room with kitchen, and on-site laundry facility • New landscaped courtyard with hydrozoned planting to conserve water • Green features certified by Build It Green’s Green Point Rated Program including: solar panels, low VOC paints, reduced formaldehyde, environmentally preferable flooring and Energy Star appliances and fixtures • Full-time resident manager living on site • Office space for property management staff • Improved 2,570 sq ft storefront commercial space on ground floor suited for businesses and organizations that are committed to strengthening the local economy.
FINANCING City Of Oakland, Neighborhood Stabilization Program / City Of Oakland, Housing & Community Development / California Department Of Housing & Community Development / California Tax Credit Allocation Committee / California Debt Limit Allocation Committee / Citibank, N.A. / Federal Home Loan Bank Of San Francisco / Merritt Community Capital / Oakland Housing Authority / Northern California Community Loan Fund / Stopwaste.Org / Enterprise Community Partners
DEVELOPMENT PARTNERS Okamoto-Saijo Architecture Branagh Inc. Gilbert Chan Sun Light And Power