Alameda County Bond Measure Tackles Affordable Housing Crisis
In 2016, Alameda County, passed Measure A1 — a 580-million general obligation bond to combat the local affordable-housing crisis. And now that funding is being turned into affordable housing and being used for other programs to assist county residents with their housing needs. The bond passage allowed the County to provide $25.6 million in emergency funding for nine projects that had hit a financial wall when the low-income housing tax credit market suddenly declined, leaving large, unanticipated financing gaps.