Current Status
500 Lake Park is currently in pre-development stage and waiting for financing commitments. 500 Lake Park is a community of families and veterans.
Project Overview
500 Lake Park Avenue in Oakland is a mixed-use affordable housing development that includes 53 rental apartments and approximately 2,500 square feet of retail space. A premier location in Oakland, 500 Lake Park Avenue is steps away from restaurants, grocery stores, and other community-serving retail, as well as parks and playgrounds, a library, a school, and beautiful Lake Merritt.
The apartment mix will include studios and one- to three-bedroom units. Onsite amenities include a common open space, a computer room, a community room, a lobby, and indoor bicycle parking. The development will be 100% income and rent-restricted, serving a range of income levels, from 30% to 60% of area median income (AMI) households. Twenty (20) units will be set aside for formerly homeless veterans.
 |
 |
 |
 |
53
Units
|
30-60%
AMI Affordability |
41
Parking Spaces |
Greenpoint
Sustainability Certification |
Project Highlights
- Location: 500 Lake Park Avenue, Oakland, CA 94610
- Property Type: Family/Veterans
- Construction Type: Type I-A (First 2 levels), Type III-A (Top 4 levels)
- Units: 53 Total Units of studio, 1 Bedroom, 2 bedroom, and 3 Bedroom. One commercial unit.
Developer: EAH Housing
Architect: Lowney Architecture
General Contractor: J.H. Fitzmaurice, Inc.
Services: Abode Services
Who Might Be Able to Qualify?
Seniors and TAY earning 30%-60% of the Area Median Income (AMI).
Oakland Housing Authority (effective June 2024)
| Household Size |
30% |
50% |
60% |
| 1-Person |
$32,700 |
$54,500 |
$63,450 |
| 2-Person |
$37,400 |
$62,300 |
$72,487 |
| 3-Person |
$42,050 |
$70,100 |
$81,562 |
| 4-Person |
$46,700 |
$77,850 |
$90,600 |
*Income limits are subject to change depending on the latest AMI released by OHA.
Examples in Alameda County:
 |
Emily is a student assistant. She makes $56,524 annually and has a son. That makes her qualified for the 50% AMI for a household of two. |
 |
Ben is a grade school bus driver. He makes $62,585 annually and lives by himself. That makes him qualified for the 50% AMI for a household of one. |
 |
Lisa and Scott has a combined income of $88,850 annually and has two kids. That makes them qualified for the 60% AMI for a household of four. |
 |
Richard is a part time facilities maintenance staff and a veteran. He makes $31,850 annually. That makes him qualified for the 30% AMI for a household of one. |
*Occupation annual incomes were based from county average and are subject to change.
Financing Participants
- City of Oakland
- HCD
- Oakland Housing Authority
Renderings
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C:UsersjlewDocuments500 Lake Park_jlew.pdf
https://www.eahhousing.org/wp-content/uploads/2024/08/500-Lake-Park_eahhousing_rendering-2.jpg
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C:UsersjlewDocuments500 Lake Park_jlew.pdf
https://www.eahhousing.org/wp-content/uploads/2024/08/500-Lake-Park_eahhousing_rendering-4-1-scaled.jpg
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C:UsersjlewDocuments500 Lake Park_jlew.pdf
https://www.eahhousing.org/wp-content/uploads/2024/08/500-Lake-Park_eahhousing_rendering-5.jpg
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