About The Property

Brooklyn Basin (formerly known as “Oak to Ninth”) is a large scale, master planned community on a 64-acre former industrial site along Oakland’s waterfront. The site is bounded by Embarcadero Road, Fallon Street, Tenth Avenue and the Estuary.

The City of Oakland acquired Parcels A and F from ZOHP in August 2014 for the purpose of developing 465 affordable units at Brooklyn Basin. Four affordable projects in total are planned, two on each parcel, to be completed over the course of 5-6 years.

  • The Building

The new community includes 3,100 residential units (including 465 affordable rental units), 200,000 square feet of ground-floor commercial space as well as new parks and public open spaces, two renovated marinas and an existing wetlands restoration area. The master developer is Zarsion-OHP I, LLC (ZOHP) whose principal local partner is the Signature Development Group.

  • The People

MidPen Housing was selected by the City of Oakland and ZOHP in June 2015 to be the affordable housing partner charged with developing all units for low and extremely low-income families, seniors, and persons with disabilities and special needs.

  • The Funding

In October 2017, the Authority purchased a 50% ownership share in the land for $10 million from the City. The Authority’s and City’s respective rights and obligations as co-owners of the property are memorialized in a Joint Ownership Agreement, and as joint owners, will ground lease the sites to MidPen at no cost. In addition, the Authority is contributing 258 Section 8 Project-Based Vouchers which will in turn leverage approximately $45,714,000 in private capital.