After initially submitting an application to the CIty of Oakland in 2020, AMG & Associates’ proposed 529-unit affordable housing development is taking a step forward. According to City records, the project is anticipated to be delivered no later than 2024 after recently receiving approval.
The project site is located at 6733 Foothill Boulevard, 2816 & 2830 67th Avenue and 6710 Bancroft Avenue. The two-building project would reach six stories and also include 11,516 square feet of ground floor retail space as well as an at-grade parking garage with space for 185 vehicles.
Of the 529 residential units, the project will consist of 414 studio units, 81 one-bedroom units, and 44 two-bedroom units. Four units also will be reserved for property managers.
Additionally, 106 of the units would be reserved for moderate-income households, or those earning at or below 120 percent of the area median income. The other 423 units are reserved for those earning at or below 80 percent of the area median income.
The community will also feature a number of onsite amenities, including two large courtyards with landscaped pedestrian paseos as well as recreation spaces and a fitness center.
Designs for the project by AO Architects show the courtyard would be centrally located, connecting both buildings. The contemporary-style buildings incorporate a diverse mix of colors and materials. Materials, which include concrete, metal, aluminum glazing and wood elements, help break up the building’s massing. Landscaping by Thomas H. Phelps also is intended to add a level of softness to draw in pedestrians along the perimeters of the property.
The project site is located in Oakland’s Havenscourt neighborhood. Once completed, the development will stand adjacent to a retail center, with tenants including McDonald’s, CVS, Gazzali’s Supermarket as well as several others. The project site is also just a short drive to Interstate 580.
Overall, the project is intended to help with Oakland’s growing housing crisis, as rents continue to rise in the area. According to RentCafe, rental rates in Oakland average $2,772 per month. At the same time, the U.S. Census Bureau estimates the median household income for those living in Oakland is $80,143 per year. Of the total 440,646 people living in Oakland, approximately 14.6 percent is estimated to be living in poverty.
While the project will bring more than 500 affordable units online, the City is aiming to bring additional affordable housing to the market. According to a recent announcement from the City, four new projects totaling 325 units were recently awarded $165 million in funding under the California Housing Accelerator program. The projects would begin construction over the next six months and include Oakland & the World’s 78-unit 7th & Campbell development, the 66-unit Ancora Place project by Satellite Affordable Housing Associates, MidPen Housing Corporation’s 123-unit Foon Lok East development and the 58-unit West Grand & Brush project by East Bay Asian Local Development Corporation.