Edes Avenue - CA

Project Description

The Problem
For years, a historically under-served East Oakland neighborhood had been trying to shut down an old auto dismantling facility, which had become a community eyesore. An affordable housing developer was interested in developing the site but was uncertain about how to finance the site assessment, and was concerned about liability exposure.
CCLR Assistance
CCLR provided funds to the nonprofit developer for a Phase II Site Assessment, and secured pro bono legal assistance to procure a prospective purchaser agreement, which limited the organization's liability exposure. CCLR also assisted with procurement of additional funds for completion of the cleanup.
Funds provided by CCLR were leveraged to secure additional funding for the cleanup. Due to the efforts of the affordable housing developer and its partners, the site has been revitalized into 54 units of affordable, sustainable housing for low-income families.
Lessons Learned
By strategically leveraging small amounts of funding, nonprofit developers can achieve what may appear out of reach to an organization with limited resources.

Project Details

Location :
Oakland, CA