Accelerating Affordable Housing

At HKIT, affordable housing is a keystone to our practice and we are thrilled that Gov. Gavin Newsom launched the new California Housing Accelerator fund for “shovel-ready” affordable housing projects. This fund will support 7,000+ units of low-income housing statewide. Many of these projects have been waiting for the green light in our office – such as Foon Lok East which will likely be one of the recipients and begin construction in the first quarter of 2022. Locaed in the Brooklyn Basin neighborhood of the Oakland Estuary, this new community will provide 124 units of affordable housing, including 38 for people who have experienced homelessness. It’s a pleasure to continue this incrediby important work building innovative housing solutions for all communities with MidPen Housing and Nibbi Brothers.