Kaiser Permanente to help buy Oakland apartment building preserving low-income housing

Kaiser Permanente and the City of Oakland are spending $5.2 million to buy a 41-unit housing complex in East Oakland to keep low-income residents in their homes. The move is the first big deal since Kaiser promised in May to spend $200 million to fund affordable housing and fight homelessness. Kaiser is also co-sponsoring a $100 million loan fund to create and preserve multifamily rental homes across Kaiser’s service areas, as well as providing homes fo r 550 homeless individuals in Oakland. Alongside…
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