Oakland Mayor Schaaf Releases Affordable Housing Plan

Housing affordability is a big issue in Oakland. As more and more people are choosing to leave San Francisco and make their home in Oakland, demand and the cost of housing increases. When Jerry Brown was mayor, that was his goal with his ambitious “10K Plan”, to build new housing in some of the blighted blogs of downtown and to draw new residents.(1)

To combat the affordability issue for lower income residents, Mayor Libby Schaaf plans to unveil the “34K Plan.” The mayor’s proposal would shield low-income renters in 17,000 units and eventually build another 17,000 units which will be a mix of market and below-market priced units. The centerpiece of the proposal is a 27 story high-rise to be built at 1911 Telegraph Avenue, which is in Uptown, next to the Fox Theater and across the street from the old Sears building which will soon be the new corporate headquarters of Uber.

To finance the ambitious plan, the mayor is looking to create a $500 million bond measure to be placed on the November ballot, along with raising the landlord service fee paid to the city. The increase of this fee is controversial, because most landlords own just a few units and this could be seen as a hardship, while also putting more pressure on the need to raise rents. Another proposal on the table is to for nonprofit housing organizations to receive funding to buy and rehabilitate buildings for lower-income residents. The money for this could come from the Metropolitan Transportation Commission and a City Infrastructure Bond.

About Anian Tunney, Broker Associate

One of the homes for sale in Piedmont is the stunning contemporary with amazing views, 233 Estates Drive, offered at $2,395,000.

Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2014 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. In 2014 she was The Grubb Company company-wide top producer. Additionally, Tunney has been number 1 in yearly real estate sales for The Grubb Company’s Piedmont office for the last 8 years. Anian was also ranked 129th in the Nation by REAL Trends the Thousand in July 2015. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.

A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.

Contact Information

Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney(at)grubbco(dot)com
aniantunney.com
aniantunney.com/blog

(1) http://www.insidebayarea.com/breaking-news/ci_29590793/oakland-mayor-sch...