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Oakland Receives Over $12 Million from Proposition 1C and Proposition 46 Housing Bond Funds
California Department of Housing and Community Development Director Lynn L. Jacobs and Business, Transportation and Housing Agency Secretary Dale E. Bonner were joined by Oakland Mayor Ronald V. Dellums and Assemblymember Mary Hayashi, 18th Assembly District in announcing the funds to Oakland on July 31.
The City of Oakland and its local housing partners were awarded over $12 million through four different HCD programs. This funding will allow the City to facilitate homeownership opportunities for low-income families; develop and rehabilitate emergency and supportive housing for seniors and homeless families; and provide resources to improve parks and libraries for seniors, children and youth in Oakland.
“Thank you Governor Schwarzenegger, Secretary Bonner and Director Jacobs for these funds to help us further implement the Model City vision,” stated Mayor Dellums. “From the beginning I’ve said we must develop multi-jurisdictional collaborations to bring resources beyond our City’s budget to achieve our goals. We look forward to this and future collaborations that will improve the quality of life for our more vulnerable residents.”
“Governor Schwarzenegger is committed to making the American dream a reality for our neediest residents and other hardworking Californians,” said Secretary Bonner. “These awards will help thousands of families and individuals achieve that dream while boosting local economies through construction related activities.”
“The awards will help local communities remove regulatory barriers and increase homeownership,” said Director Jacobs. “They will also provide California’s essential workforce and their families the safe and affordable housing they urgently need to live and work in their communities.”
Awards were distributed in 44 counties to provide housing opportunities for 13,507 Californians, and is the first announcement of Proposition 1C funds. Proposition 1C is the $2.85 billion housing bond passed by the voters in November 2006, and is part of the Governor’s Strategic Growth Plan. Proposition 46 is the $2.1 billion housing bond approved by the voters in November 2002.