Who owns your neighborhood oakland

Many of the new residents and workers were Black, with that population growing from around 8, people in to 48, in It was rare that working-class people would have been able to settle somewhere like Orange Street, said Kozakavich.

Most are larger apartment buildings. Possibly the biggest change to the neighborhood came in the s with the construction of the MacArthur Freeway. The home is just below that portion of I, which severed many neighborhoods in Oakland, creating a literal, and often social, divide roughly between the hills and flatlands.

When Townsend bought the building in , she was enamored with its location. The home itself was deceptively roomy. While the property has been largely preserved, neighbors have changed. Over the past decade, the Black population in her census tract has decreased by nearly a third. Home prices and rents, on the other hand, have increased dramatically.

Natalie Orenstein covers housing and homelessness for The Oaklandside. She was previously on staff at Berkeleyside, where her extensive reporting on the legacy of school desegregation received recognition from the Society of Professional Journalists NorCal and the Education Writers Association. Skip to content. This house looks like a single-family home, but it's actually a triplex that's housed an eclectic range of residents over the course of a century.

Credit: Amir Aziz Sign up for our free newsletter Free Oakland news, written by Oaklanders, delivered straight to your inbox. Report the issue to our encampment management team at homelessness oaklandca. Homelessness has doubled in the last ten years. To reduce homelessness, we must slow its growth and keep more people in their homes. Oakland has responded to the crisis level surge in homelessness with emergency measures like community cabins.

We are ready to scale up for reductions in homelessness, though new state and federal funds and more intergovernmental coordination are needed. Learn More. Our analysis shows that eighty one percent of the 10, completed foreclosures in Oakland since reverted to REO status; that is, they ended up being owned by banks, other financial institutions, or one of the Government Sponsored Enterprises GSEs. In fact, 16 percent of foreclosed properties never reached REO status, and instead were purchased by investors at trustee sale auctions.

Moreover, investors acquire a significantly higher volume of properties post-foreclosure through direct purchases from financial institutions. Our analysis reveals that—as of October —investors had acquired 42 percent of all properties that went through foreclosure since in Oakland.

Of these properties acquired by investors, 93 percent are located in the low-income flatland neighborhoods of the city. Further, only ten out of the top 30 most active investors are located in Oakland. Our analysis also revealed that while non-investor individuals are very rarely able to engage in the trustee sale auction process due to the fact that cash is required to purchase at auction , they have demonstrated a significant demand for affordable homeownership opportunities through REO purchases.

Between and October , non-investor individuals acquired 55 percent of the REOs sold by banks and the GSEs, even in the face of the competitive advantage that cash investors wield at multiple stages in the post-foreclosure home buying landscape.

Further, we found that non-investor individuals or entities were six times more likely than investors to retain ownership of their REO or trustee sale acquisition. In large part, the post-foreclosure transaction churn grinds to a stabilizing halt when non-investor purchasers are able to successfully engage in the process and buy a home as an owner-occupant.