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East Bay Asian East Bay Asian Local Development Corporation

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Page 1: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

East Bay AsianEast Bay AsianLocal Development Corporation 

Page 2: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

Mission StatementMission Statement

EBALDC is a community development corporationEBALDC is a community development corporation that develops affordable housing and community facilities with integrated services focused on tenants and neighborhood residents with emphasis onand neighborhood residents, with emphasis on Asian Pacific Islanders communities and the diverse low income populations of the East Bay.

Page 3: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

EBALDC History 1975EBALDC History 1975

The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse in Oakland's Chinatown. That warehouse became the Asian Resource Center, a multi‐service center to house social services and businesses. The Asian Resource center is home to EBALDC, various nonprofit agencies, retail businesses, medical facilities, school district classes, and the Asian Resource Art Gallery.

Page 4: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

EBALDC today Core ProgramsEBALDC today—Core Programs

Neighborhood and Economic

Neighborhoods

Real Estate Development

and Economic Development

IntegratedResidents

Integrated Services

Property Management

Affordable housing and community facilitiesfacilities

Page 5: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

R l E t t D l t

O 1400 ff d bl t t i 17 d l t f

Real Estate Development

•Over 1400 affordable apartments in 17 developments; of which five (5) are historic structures.

•124 first‐time homeownership units.

•250,000 square feet of space for community organizations, including space for nonprofit organizations, resident services, childcare and small businesseschildcare and small businesses.

With funding sources from LIHTC, New Market Tax Credits,  Historic Tax Credits HOME MHP AHP CDBG PBS8 SURHP SHP MHSA S+CCredits, HOME, MHP, AHP, CDBG, PBS8, SURHP, SHP, MHSA,  S+C… 

Page 6: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

Neighborhood  Economic DevelopmentIndividual Development Accounts (IDA) 

Matched savings accounts helping low‐income families save for a home, education or other asset purchaseeducation, or other asset purchase

Earned Income Tax Credit Assistance Financial literacy training free tax preparation financial assessments and referralFinancial literacy training, free tax preparation, financial assessments and referral

Financial Education Weekly financial literacy course personalized counseling and “saver’s club”Weekly financial literacy course, personalized counseling, and  saver s club  support groups

Residential ServicesResidential Services Social service coordination and direct service provision focused on our residents

Community PlanningCommunity Planning Community planning & organizing related to various components of EBALDC’s current and future housing development projects.

Page 7: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

Property ManagementProperty Management

Residential•15 Developments with 905 Apartment Units•558 Family Apartments•128 Senior Apartments8 Se o pa t e ts•75 Single Room Occupancy (SRO) Apartments•144 SRO/Senior Apartments

Commercial Buildings •8 Buildings•85 Spaces•131,462 Rentable Square Feet•83,447 Common Area Square Feet 

Page 8: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

Aff d bl R t lAffordable Rental Frank G. Mar Community Housing

di kMadison Park ApartmentsMarcus Garvey Commons

Hismen Hin Nu Terrace

Madrone Hotel

Jack London GatewaySeven Directions

San Pablo Hotel Madrone HotelNoble TowerEffie’s House

Oakland Point LP

The AvalonHugh Taylor House

Oakland Point LPSwan’s Apartments

Lion Creek Crossings     Oak Park ApartmentsOak Park Apartments

Giant Road Apartments

Page 9: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

B l M k t R t H hiBelow‐Market Rate Homeownership

Sausal Creek Homes

Pacific Renaissance Condos

Bayporte Homes

Page 10: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

Mixed‐Used, Adaptive Reuse, & , p ,Transit‐Oriented Developments

AffordableHousing + Public Park + Creek + 15,000 sq ft of social service space

Affordable Rental + 

CoHousing+ Retail + 

Offices  at historic 

market hall

Housing + Health Clinic +Housing + Health Clinic + Ceremonial Garden

Page 11: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

The EBALDC teamThe EBALDC teamEBALDC is a team of over 90 staff members, all playing an integral role in furthering our mission. 

• ACCOUNTINGACCOUNTING• ASSET MANAGEMENT • FUND DEVELOPMENT• HUMAN RESOURCES• NEIGHBORHOOD ECONOMIC DEVELOPMENT• PROPERTY MANAGEMENT• REAL ESTATE DEVELOPMENT

Page 12: East Bay AsianEBALDC History 1975 The East Bay Asian Local Development Corporation (EBALDC) was created around the dream of buying and preserving a beautiful but deteriorated warehouse

EBALDCEBALDC34 Years of 

Building OpportunitiesBuilding Opportunities by Connecting Communities