About The Property

Oakland Housing Authority and Satellite Housing, Inc. have co-developed a 92-unit affordable senior housing development in the Eastlake neighborhood, one block from Lake Merritt. Lakeside Senior is ideally located 1 ½ blocks away from a Lucky’s Supermarket and Pharmacy, the Lake Merritt Bakery, numerous restaurants and businesses as well as ½ block from two AC Transit bus lines with direct service to Downtown Oakland and BART.

The project will feature a fitness room, multimedia community room, rooftop patio deck, landscaped courtyards with raised planters for gardening activities, intergenerational programming, and a wide range of resident services designed to support seniors and their ability to live independently as long as is comfortable.

  • The Building

Site Address: 1507 2nd Avenue​
Units: 92 one-bedroom apartments, including one manager’s unit
Green Building: LEED for Homes
Completion Date: Fall 2014

  • The People

Architect(s): David Baker + Partners Architects​
Landowner: Oakland Housing Authority
Project Partner(s): Satellite Affordable Housing Associates
Population(s) Served: Seniors with maximum income up to 50% AMI

  • The Funding

Development Cost: Approximately $28 Million
Sources of Funding:

  • ​Oakland Housing Authority (OHA)
  • OHA Long-Term Ground Lease
  • Section 8 Project-Based Voucher Loan
  • Wells Fargo Bank
  • California Department of Housing and Community Development – MHP loan
  • ​California Community Reinvestment Corporation
  • Federal Home Loan Bank of San Francisco – AHP grant