City of Oakland
Our Neighborhood Stabilization Efforts
In 2008, the City of Oakland received an allocation of approximately $8.25 million in Neighborhood Stabilization Program 1 (NSP1) funds from the U.S. Department of Housing and Urban Development (HUD), to address the problem of abandoned and foreclosed homes. Approximately $5.5 million was set aside by the City for the acquisition and rehabilitation of existing homes in select areas of Oakland. The City issued a competitive Request for Proposals in the winter of 2009, and chose the Oakland Community Land Trust (sponsored by the Urban Strategies Council), to implement their NSP program in the neighborhoods most impacted by the foreclosure crisis.
The City of Oakland and the Oakland Community Land Trust offer a unique opportunity to low income families, to enjoy the benefits of homeownership in the heart of one of the country’s highest cost areas. To learn more and to determine whether this opportunity is right for you, please contact Oakland Community Land Trust.