Press Coverage
Oakland Local

Straw into Gold: Oakland Community Land Trust turns blighted houses into desirable properties

Alan Lopez, Oakland Local (March 18, 2010, Updated March 24, 2010)


Next week, demolition will begin on an abandoned two-bedroom home on Olive Street in east Oakland as part of an effort to fight blight and take a bite out of the local foreclosure crises.

The home has been foreclosed on and abandoned for at least four months. Following demolition, the home will be completely renovated with energy-efficient fixtures and lighting and sold to a low-income home buyer.

The project is one of 125 such homes that the newly formed Oakland Community Land Trust (OakCLT) will renovate and then resell. Spearheaded and organized by the Urban Strategies Council in concert with the Alliance of Californians for Community Empowerment (ACCE), the land trust was granted $5 million in seed money by the Oakland City Council last April

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Oakland Tribune

Oakland land trust to offer affordable housing option in wake of foreclosures

Sean Maher, Oakland Tribune (February 23, 2010)

OAKLAND — An effort to turn around the foreclosure crisis with a local opportunity for low-income, first-time homebuyers reached a landmark Monday when hands-on work began to restore a blighted East Oakland home.

OakCLT, the Oakland Community Land Trust, is a community-controlled nonprofit granted $5 million by the City Council in April to buy, renovate and sell 200 foreclosed homes as affordable housing. The building at 8000 Olive St. is the first OakCLT was able to acquire, and workers on Monday began cleaning out illegally dumped trash and discarded couches from the property's yards.

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KCBS

Improving Oakland Neighborhoods, One House at a Time

KCBS News (February 22, 2010)


OAKLAND, Calif. (KCBS) -- An Oakland community group is working erase blight in neighborhoods hit hard by foreclosures, and they began the process today.

The Oakland Community Land Trust was established in April, 2009 and given $5 million in seed money to start buying homes, fixing them up, and selling them to low and moderate income people.

 

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ABC7News

Ambitious program to makeover Oakland neighborhoods

Terry McSweeney, ABC7news.com (February 22, 2010)

OAKLAND, CA (KGO) -- An ambitious new program kicked off to makeover Oakland neighborhoods hit hard by foreclosed homes, while at the same time creating affordable homes.

You know they say if it sounds too good to be true, it probably is, but not this time.

A house in Oakland is going to be fixed from the top to bottom and then put on the market at an affordable price and a price that will stay affordable, forever.

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Launch Event TV News Coverage

News Coverage from the OakCLT Launch Event on February 22, 2010

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