DRASNIN MANOR 2530 INTERNATIONAL BOULEVARD, OAKLAND, CA 94601 Once abandoned and at risk of foreclosure, Drasnin Manor exemplifies how careful acquisition and rehabilitation of a building can preserve affordable housing and contribute to neighborhood revitalization. The building provides 26 one, two, and three bedroom units for very-low-income families and a storefront retail space for a small local business or service provider, all located on a transit-friendly Oakland thoroughfare. Residents will enjoy the remodeling of unit interiors, structural and exterior improvements, sustainable green features and community amenities. DEVELOPMENT OVERVIEW FINANCING City Of Oakland, Neighborhood Stabilization Program / City Of Oakland, Housing & Community Development / California Department Of Housing & Community Development / California Tax Credit Allocation Committee / California Debt Limit Allocation Committee / Citibank, N.A. / Federal Home Loan Bank Of San Francisco / Merritt Community Capital / Oakland Housing Authority / Northern California Community Loan Fund / Stopwaste.Org / Enterprise Community Partners • 26 one, two, and three-bedroom healthy affordable homes • 25 units approved for Project-Based Section 8 • Computer lab, community room with kitchen, and on-site laundry facility • New landscaped courtyard with hydrozoned planting to conserve water • Green features certified by Build It Green’s Green Point Rated Program including: solar panels, low VOC paints, reduced formaldehyde, environmentally preferable flooring and Energy Star appliances and fixtures • Full-time resident manager living on site • Office space for property management staff • Improved 2,570 sq ft storefront commercial space on ground floor suited for businesses and organizations that are committed to strengthening the local economy. DEVELOPMENT PARTNERS Okamoto-Saijo Architecture Branagh Inc. Gilbert Chan Sun Light And Power www.ebaldc.org

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Drasnin Manor Apartments is a mixed-use development, with 26 affordable residential rental apartments and a ground floor commercial space, located in Oakland,CA.

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Page 1: Drasnin Manor Apartments one-pager

DRASNIN MANOR2530 INTERNATIONAL BOULEVARD, OAKLAND, CA 94601

Once abandoned and at risk of foreclosure, Drasnin Manor exemplifies how careful acquisition and rehabilitation of a building can preserve affordable housing and contribute to neighborhood revitalization. The building provides 26 one, two, and three bedroom units for very-low-income families and a storefront retail space for a small local business or service provider, all located on a transit-friendly Oakland thoroughfare. Residents will enjoy the remodeling of unit interiors, structural and exterior improvements, sustainable green features and community amenities.

DEVELOPMENT OVERVIEW

FINANCINGCity Of Oakland, Neighborhood Stabilization Program / City Of Oakland, Housing & Community Development / California Department Of Housing & Community Development / California Tax Credit Allocation Committee / California Debt Limit Allocation Committee / Citibank, N.A. / Federal Home Loan Bank Of San Francisco / Merritt Community Capital / Oakland Housing Authority / Northern California Community Loan Fund / Stopwaste.Org / Enterprise Community Partners

• 26 one, two, and three-bedroom healthy affordable homes• 25 units approved for Project-Based Section 8• Computer lab, community room with kitchen, and on-site

laundry facility• New landscaped courtyard with hydrozoned planting to

conserve water• Green features certified by Build It Green’s Green Point Rated

Program including: solar panels, low VOC paints, reduced formaldehyde, environmentally preferable flooring and Energy Star appliances and fixtures

• Full-time resident manager living on site• Office space for property management staff• Improved 2,570 sq ft storefront commercial space on ground

floor suited for businesses and organizations that are committed to strengthening the local economy.

DEVELOPMENT PARTNERS Okamoto-Saijo ArchitectureBranagh Inc.Gilbert ChanSun Light And Power

www.ebaldc.org