Oakland affordable housing tower project moves forward with site purchase

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A residential development in downtown Oakland that could produce hundreds of low-cost apartments is moving ahead with the purchase of the project site by a group led by an affordable housing builder from Southern California. The 11-story apartment tower near 15th Street is expected to have a total project cost of $86.1 million and include a mix of studio, one-bedroom, and two-bedroom units, with an estimated 281 affordable units.

Why it matters

The project is part of Oakland's ongoing efforts to address the city's affordable housing crisis, providing much-needed low-cost housing options for residents. The development's focus on affordability and resident services aligns with the city's goals of creating inclusive, equitable communities.

The details

Acting through an affiliate, Community HousingWorks paid $10.2 million for three parcels at 1523 Harrison St. where the 284-unit affordable housing development is planned. The project would include 63 studios, 203 one-bedroom units, and 18 two-bedroom units, with rents ranging from $876 to $2,453 per month depending on unit size and targeted income limits. The development has been in the works for about four years, with the latest version designed by Bay Area real estate firm oWOW.

• The project has been in development for about four years.
• Community HousingWorks paid $10.2 million for the development site on March 27, 2026.

What’s next

The project still needs to secure additional financing and approvals, but the site purchase marks a significant milestone in moving the affordable housing development forward.