{"id":249471,"date":"2026-04-03T03:09:08","date_gmt":"2026-04-03T03:09:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/249471\/"},"modified":"2026-04-03T03:09:08","modified_gmt":"2026-04-03T03:09:08","slug":"oakland-fund-buys-12m-building-for-teacher-housing","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/249471\/","title":{"rendered":"Oakland Fund buys $12M building for teacher housing"},"content":{"rendered":"<p> <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/us-ca\/wp-content\/uploads\/2026\/04\/7633gdhf7supqnfr.jpg\" alt=\"Nonprofit buys $12M building for teacher housing\" class=\"sr-only\" data-v-4292be72=\"\"\/>    <\/p>\n<p data-v-f1afc186=\"\">OAKLAND, Calif. &#8211; <a href=\"https:\/\/www.ktvu.com\/tag\/us\/ca\/alameda-county\/oakland\" target=\"_blank\" rel=\"noopener nofollow\">Oakland<\/a> officials announced a <a href=\"https:\/\/www.ktvu.com\/tag\/housing\" target=\"_blank\" rel=\"noopener nofollow\">new affordable housing program<\/a> on Thursday aimed at helping public school teachers find homes in the city through a public-private partnership called &#8220;Rooted.&#8221;<\/p>\n<p data-v-f1afc186=\"\">The initiative, led by the nonprofit Oakland Fund, seeks to purchase apartment buildings and rent units to teachers at below-market rates. typically between $1,100 and $2,600 a month, or about 30% of household income.<\/p>\n<p data-v-f1afc186=\"\">&#8220;We are seeing a depressed real estate market, and now is the time to buy these buildings at a fraction of the price they were five years ago,&#8221; said Kyra Mungia, CEO of the Oakland Fund.<\/p>\n<p>  Program offers stability for teachers and families <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What they&#8217;re saying:<\/p>\n<p data-v-f1afc186=\"\">Melanie Turner, an OUSD teacher, is among 33 families living in the program\u2019s first property, the Idora Building on Claremont Avenue in the Temescal neighborhood.<\/p>\n<p data-v-f1afc186=\"\">&#8220;This is the first time I\u2019ve been able to have an apartment with just my name on it, just me and my son,&#8221; Turner said.<\/p>\n<p data-v-f1afc186=\"\">Turner, who has a 10-year-old son, said she worked two jobs, teaching during the day and delivering food at night, to make ends meet.<\/p>\n<p data-v-f1afc186=\"\">&#8220;I wouldn\u2019t see my son until morning because of the work,&#8221; she said.<\/p>\n<p data-v-f1afc186=\"\">Now, she said stable housing has reduced her stress, allowing her to spend more time with her child and giving her peace of mind that she can afford rent.<\/p>\n<p>  Expansion plans <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What&#8217;s next:<\/p>\n<p data-v-f1afc186=\"\">The Oakland Fund purchased the Idora Building for about $12 million, roughly half its previous market value, Mungia said.<\/p>\n<p data-v-f1afc186=\"\">The nonprofit received $7.6 million in one-time Measure U funding from the city and aims to raise $14 million to acquire 150 units over the next three years.<\/p>\n<p data-v-f1afc186=\"\">&#8220;This is an example of public-private partnerships,&#8221; Mayor Barbara Lee said. &#8220;Your city supports you, we&#8217;re there with you, and we want to see more of this.&#8221;<\/p>\n<p> Officials call it a national model <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">Big picture view:<\/p>\n<p data-v-f1afc186=\"\">Local and federal leaders say the program could serve as a model for addressing teacher housing shortages.<\/p>\n<p data-v-f1afc186=\"\">&#8220;We know we are just getting started,&#8221; Rep. Lateefah Simon said. &#8220;Oakland is the city to invest in. Oakland is the city to teach in.&#8221;<\/p>\n<p data-v-f1afc186=\"\">City Councilmember Zac Unger underscored the community impact.<\/p>\n<p data-v-f1afc186=\"\">&#8220;This is teachers grading papers on this patio. This is teachers running into their students at the park,&#8221; Unger said. &#8220;This is how we strengthen our community in real, concrete ways.&#8221;<\/p>\n<p>  Housing tied to teacher retention <\/p>\n<p data-v-f1afc186=\"\">OUSD Superintendent Denise Saddler said the high cost of housing is a major factor driving teachers out of the district.<\/p>\n<p data-v-f1afc186=\"\">&#8220;They often opt to work closer to where they live, so this is important for the stability of the district,&#8221; Saddler said. &#8220;We lose 60% of our staff in a variety of roles because of housing.&#8221;<\/p>\n<p> Applications open for future units <\/p>\n<p original-article-post=\"\" origination_station=\"KTVU\" data-v-ec26887a=\"\" data-v-f1afc186=\"\">What you can do:<\/p>\n<p data-v-f1afc186=\"\">Mungia said applications are being accepted for available units, and the organization is seeking donors to support future building purchases.<\/p>\n<p data-v-f1afc186=\"\">More information on applications and donations is available through the <a class=\"editor-rtfLink\" href=\"http:\/\/rooted-housing.org\" target=\"_blank\" rel=\"noopener nofollow\">Oakland Fund.<\/a><\/p>\n<p>    <a href=\"https:\/\/www.ktvu.com\/tag\/housing\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Housing<\/a><a href=\"https:\/\/www.ktvu.com\/tag\/us\/ca\/alameda-county\/oakland\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Oakland<\/a><a href=\"https:\/\/www.ktvu.com\/tag\/education\" class=\"tags-tag\" data-v-f1afc186=\"\" rel=\"nofollow noopener\" target=\"_blank\">Education<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"OAKLAND, Calif. &#8211; Oakland officials announced a new affordable housing program on Thursday aimed at helping public school&hellip;\n","protected":false},"author":2,"featured_media":249472,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[389,1184,15,1011,100,143,145,144,1181],"class_list":{"0":"post-249471","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-oakland","8":"tag-alameda-county","9":"tag-ca","10":"tag-education","11":"tag-housing","12":"tag-news","13":"tag-oakland","14":"tag-oakland-headlines","15":"tag-oakland-news","16":"tag-us"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/249471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=249471"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/249471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/249472"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=249471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=249471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=249471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}