The housing boom has come to Oakland, and officials are afraid that affordable housing will be the first to be lost.
Feeling pressure from the housing boom in cities surrounding Oakland, the city is now also faced with a housing shortage and soaring home prices. The Oakland City Council task force announced a plan to preserve affordable housing and encourage more to be built. Among the task force recommendations: the city should buy and fix up available properties in threatened neighborhoods to keep them out of the hands of land speculators; require affordable units that are demolished to be replaced, one for one; adopt a policy of preserving the city's single-room-occupancy hotels.
Thanks to Chris Steins
Read the full story: Oakland Wants To Save Housing: Low-income residents 'threatened' by boom
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