INVESTMENT AREA 3Black Families Have a Place to Live & Thrive for Generations
VISIONAll Black East Oakland residents live in affordable and stable housing; Black businesses and commercial spaces thrive; Black displacement ends and legacy residents return.
Our PlanCreate New Vehicles for Real Estate Acquisition
Rise East will fund the stabilization of the neighborhood by creating a community-owned land trust to purchase residential and commercial real estate. Rise East will fund the launch of a program to promote home ownership through matched savings, loan guarantees, and other forms of financial assistance programs. Rise East will also seed fund an endowment to support these efforts in perpetuity.
Prevent and Reverse Displacement
Rise East funding will leverage public and private resources to provide financial assistance and services that help residents avoid eviction, foreclosure, and homelessness. Honoring the neighborhood’s rich history, Rise East will also consult with legacy residents who were priced out of the neighborhood and wish to move back.
Support Small Businesses and Commercial Corridor Development
Rise East funding will develop thriving commercial and cultural corridors and provide emergency assistance to preserve Black-owned businesses and help residents to serve as neighborhood and commercial navigators.
Our GoalReduce housing instability and Black family displacement
Increase housing affordability
Increase homeownership
Increase community-owned land, homes, and storefronts
Increase the number and size of Black-owned businesses
More public funds are unlocked to develop housing, preserve businesses and prevent displacement