Episode 45: Oakland Affordable Housing Project Awarded $50 Million in LIHTC Equity

A major Oakland affordable housing development closed financing with approximately $50 million in LIHTC equity — one of the largest single-project investments in the Bay Area this year. The project will create over 200 affordable units serving households from extremely low to moderate income levels.One of the largest LIHTC transactions in the Bay Area in recent yearsServes households from extremely low to moderate income levelsLayers 4% LIHTC with California tax-exempt private activity bondsSoft financing from City of Oakland, Alameda County, and CalHFABay Area construction costs exceed $700,000 per unitCalifornia deals attract pricing premiums from state tax credit benefitsProject expects to deliver units in 2027The project demonstrates the complex financing structures required for urban affordable housing development in high-cost markets.Subscribe to The Spring Street Brief for daily updates on LIHTC transactions, project financings, and affordable housing investment opportunities.Keywords: Oakland affordable housing, LIHTC equity, Bay Area housing, California LIHTC, 4% LIHTC, tax-exempt bonds, private activity bonds, CalHFA, California Housing Finance Agency, Alameda County housing, LIHTC transaction, affordable housing financing, LIHTC investor, tax credit equity, multifamily development, urban affordable housing, high-cost market, California tax credit, affordable housing construction, LIHTC closing]]>