Oakwood Shores Terrace Apartments

Oakwood Shores

3755 S. Cottage Grove Ave.

Completed in 2013, Oakwood Shores Terraces in Oakland combines 48 units of mixed-income rental housing with a 28,000 square-foot clinic operated by Mercy Hospital and Medical Center. Nearly 75 percent of the units are priced as affordable. The $23.5 million, 89,630-square-foot project was developed by The Community Builders Inc.

DPD Assistance:               

•  $7.9 million tax credit equity

•  $1.2 million TIF

•  $2.1 million loan

•  Land write-down

Supporting Information Facts