6/8/2016

EBMC to Manage Two Oakland, CA Low-Income Communities

June 8, 2016 – The Oakland Housing Authority (OHA) has awarded Eugene Burger Management Corporation (EBMC) the management of Adel Court and Harrison Towers apartment communities. Built in 1983, Adel Court is a four-story senior-housing community made up of 30 units. Harrison Towers, built in 1972, is a 14-story, senior-housing community with 101 units.

EBMC had been in negotiation for the management of the properties since August 2015. The firm was selected by OHA for its high degree of professionalism and demonstrated management practices. This includes its ability to maximize returns for the Authority and adhere to applicable rules and regulations of the City of Oakland.

Lori Burger, CPM; Stephen Burger, CPM; Bill Johnston, CPM; and Jay Kacirk, CPM, participated in the negotiations on behalf of EBMC. Johnston will serve as the designated property manager for both assets.

The OHA was established in 1938 to provide access to affordable housing for low-income Oakland residents. The Authority is federally funded and regulated primarily under the US Housing Act of 1937. The majority of funding is regulated by the US Department of Housing and Urban Development (HUD).

The OHA was designated by HUD as a “Moving to Work” Housing Authority, one of 39 agencies selected out of 3,400 nationally. The Moving to Work Demonstration Program acts as one of America’s Housing Policy Labs, demonstrating and evaluating new solutions that can be replicated across the entire country. The Authority is governed by a seven-member Board of Commissioners appointed by the Mayor of the City of Oakland, with the approval of the City Council.

EBMC will engage Satellite Affordable Housing Associates (SAHA) to provide resident services. SAHA provides resident services to 2,400 age-restricted affordable units. Service coordination and aging in place are key components of SAHA’s mission, which is to provide quality affordable homes and services that empower people and strengthen neighborhoods. EBMC is eager to build this partnership with SAHA for the benefit of these two communities.

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