Tassafaronga Village highlights affordable housing week in Oakland
15 May 2010
Tassafaronga Village is new green affordable housing project that not only builds new homes, but transforms an entire neighborhood. LISC’s affiliate, The National Equity Fund provided $25.3 million in equity financing with Low Income Housing Tax Credits.
The project highlights Oakland’s Affordable Housing Week, where local housing advocates—East Bay Housing Organizations–is seeking to draw attention to the need for affordable housing. An event on May 10 showcased Tassafaronga Village, located in an under-served and tough East Oakland neighborhood, as an example of how affordable housing can be built attractively and responsibly.
All buildings are designed to the highest level of green standard, LEED for Homes Platinum®, incorporating solar power for on site generation of electricity and hot water. The neighborhood design has also been awarded certification as LEED Neighborhood Development GOLD.
Tassafaronga Village has a range of affordable housing, green pathways, pocket parks, and open spaces. A three-story apartment building features 157 affordable rental apartments in varying configurations built in conjunction with the Oakland Housing Authority. Apartments flank a hidden parking structure, setting a residential rather than industrial tone, and also enclose a second-level open-air courtyard. Nearby, a defunct pasta factory and parcel of unused industrial land are also reclaimed and converted to 20 affordable studio apartments with a medical clinic that offers HIV/AIDS treatment.
Twenty-two family townhomes are going up in cooperation with the local chapter of Habitat for Humanity. The recipient families of these homes personally participate in the construction of the buildings, with 500 hours of sweat-equity labor, after which they are able to purchase with an extremely low-interest mortgage.
Tassafaronga Village is anchored by a large public plaza, which serves as a common meeting area and recreation space for all residents. Additionally, each of the three new areas of housing also has a semi-private shared space, creating sheltered play and gathering areas for children and families.
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Article Type: News