We lent a hand in the ongoing development of Oakland’s Brooklyn Arms Apartments in the historically undercapitalized Clinton neighborhood. LIIF provided a $1 million pre-construction unsecured revolving line of credit to Strive Real Estate, which is under the stewardship of Bay Area native Detra Harris, who displays three decades of expertise in property management and multifamily development of senior housing.
LIIF was excited to attend the May 20 on-property event where community members heard project details. They learned that this brand-new building will feature 35 studios at 30% Area Median Income (AMI), plus a manager’s unit. The adjacent former church will be rehabilitated to honor the building’s historic features, with the creation of a community space and property-management offices. Wraparound services, provided in partnership with the Alameda County Housing Care Services Agency, are expected to include financial literacy, medical services, nutritional resources such as cooking classes, and supportive services for formerly unhoused residents.
Watch Strive Real Estate’s Brooklyn Arms Apartments video.
This brand-new building will feature 35 studios at 30% Area Median Income (AMI), plus a manager’s unit