Kaiser’s plan to spend $5.2 million on housing in Oakland exhibits energy
of neighborhood investing
Re: “Kaiser Permanente to spend $5.2 million on reasonably priced housing in Oakland” (Eastbaytimes.com, Jan. 15):
Housing affordability is an actual disaster in America requiring modern options. In Oakland, the issue is acute, given town’s important inhabitants development.
Such development comes with challenges, chief amongst them the provision and value of housing. Kaiser’s announcement demonstrates the facility of corporations investing within the communities the place they function and the place their workers stay.
Comparable investments are being made in different cities, together with Denver, which unveiled a public-private pilot program to attach vacant market-rate flats with workforce households.
And this week, Microsoft introduced it’s committing $500 million to the Seattle housing sector.
As a result of each neighborhood faces distinctive challenges, a majority of these investments and public-private partnerships are what we have to spur substantive change within the housing market. Working collectively, the private and non-private sectors can carry all their instruments and belongings into play to implement viable options to satisfy the rising demand for housing inventory.
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