Completed in 2016, Prosperity Place offers 70 affordable multifamily units and ground floor commercial space in the Chinatown/Lake Merritt neighborhood of Oakland. The building includes an outdoor central court yard, play structure and community room. Prosperity Place residents enjoy a central location near the Chinatown commercial district, Lake Merritt, the Oakland Public Library, the Oakland Museum of California and numerous restaurants and public transportation options.
Prosperity Place is now accepting rental applications for its 1-Bedroom apartment (565 Sq ft) at $1,710/month. Security Deposit is equal to first month’s rent.
Households must meet all unit eligibility requirements, including the following:
Occupancy Limits: Min of 1 Persons Max of 3 Persons
Minimum income limit: $51,371/yr (Does not apply to Section 8 applicants)
Maximum income must be below 60% of Area Medium Income. See www.ebaldc.org for household maximum annual income limits.
Equal Housing Opportunity. Section 8 applicants are welcome to apply.
All reasonable accommodations will be considered. No pets allowed except service animals.
Prosperity Place, an affordable housing development, is managed by the East Bay Asian Local Development Corporation (EBALDC). EBALDC is a nonprofit community development organization celebrating over 40 years of building healthy, vibrant and safe neighborhoods in Oakland and the greater East Bay.
East Bay Asian Local Development Corporation (CA Bro. Lic. #00990167)
Felicia Scruggs, CPM®, CAM Broker-Officer (CA Bro Lic. # 02111993)