East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was...
Transcript of East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was...
East Bay AsianEast Bay AsianLocal Development Corporation
Mission StatementMission Statement
EBALDC is a community development corporationEBALDC is a community development corporation that develops affordable housing and community facilities with integrated services focused on tenants and neighborhood residents with emphasis onand neighborhood residents, with emphasis on Asian Pacific Islanders communities and the diverse low income populations of the East Bay.
EBALDC History 1975EBALDC History 1975
The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse in Oakland's Chinatown. That warehouse became the Asian Resource Center, a multi‐service center to house social services and businesses. The Asian Resource center is home to EBALDC, various nonprofit agencies, retail businesses, medical facilities, school district classes, and the Asian Resource Art Gallery.
EBALDC today Core ProgramsEBALDC today—Core Programs
Neighborhood and Economic
Neighborhoods
Real Estate Development
and Economic Development
IntegratedResidents
Integrated Services
Property Management
Affordable housing and community facilitiesfacilities
R l E t t D l t
O 1400 ff d bl t t i 17 d l t f
Real Estate Development
•Over 1400 affordable apartments in 17 developments; of which five (5) are historic structures.
•124 first‐time homeownership units.
•250,000 square feet of space for community organizations, including space for nonprofit organizations, resident services, childcare and small businesseschildcare and small businesses.
With funding sources from LIHTC, New Market Tax Credits, Historic Tax Credits HOME MHP AHP CDBG PBS8 SURHP SHP MHSA S+CCredits, HOME, MHP, AHP, CDBG, PBS8, SURHP, SHP, MHSA, S+C…
Neighborhood Economic DevelopmentIndividual Development Accounts (IDA)
Matched savings accounts helping low‐income families save for a home, education or other asset purchaseeducation, or other asset purchase
Earned Income Tax Credit Assistance Financial literacy training free tax preparation financial assessments and referralFinancial literacy training, free tax preparation, financial assessments and referral
Financial Education Weekly financial literacy course personalized counseling and “saver’s club”Weekly financial literacy course, personalized counseling, and saver s club support groups
Residential ServicesResidential Services Social service coordination and direct service provision focused on our residents
Community PlanningCommunity Planning Community planning & organizing related to various components of EBALDC’s current and future housing development projects.
Property ManagementProperty Management
Residential•15 Developments with 905 Apartment Units•558 Family Apartments•128 Senior Apartments8 Se o pa t e ts•75 Single Room Occupancy (SRO) Apartments•144 SRO/Senior Apartments
Commercial Buildings •8 Buildings•85 Spaces•131,462 Rentable Square Feet•83,447 Common Area Square Feet
Aff d bl R t lAffordable Rental Frank G. Mar Community Housing
di kMadison Park ApartmentsMarcus Garvey Commons
Hismen Hin Nu Terrace
Madrone Hotel
Jack London GatewaySeven Directions
San Pablo Hotel Madrone HotelNoble TowerEffie’s House
Oakland Point LP
The AvalonHugh Taylor House
Oakland Point LPSwan’s Apartments
Lion Creek Crossings Oak Park ApartmentsOak Park Apartments
Giant Road Apartments
B l M k t R t H hiBelow‐Market Rate Homeownership
Sausal Creek Homes
Pacific Renaissance Condos
Bayporte Homes
Mixed‐Used, Adaptive Reuse, & , p ,Transit‐Oriented Developments
AffordableHousing + Public Park + Creek + 15,000 sq ft of social service space
Affordable Rental +
CoHousing+ Retail +
Offices at historic
market hall
Housing + Health Clinic +Housing + Health Clinic + Ceremonial Garden
The EBALDC teamThe EBALDC teamEBALDC is a team of over 90 staff members, all playing an integral role in furthering our mission.
• ACCOUNTINGACCOUNTING• ASSET MANAGEMENT • FUND DEVELOPMENT• HUMAN RESOURCES• NEIGHBORHOOD ECONOMIC DEVELOPMENT• PROPERTY MANAGEMENT• REAL ESTATE DEVELOPMENT
EBALDCEBALDC34 Years of
Building OpportunitiesBuilding Opportunities by Connecting Communities