Kaiser Permanente to Shell Out $5.2 Million in Oakland, CA on Affordable Housing
Oakland, CA, is the recipient of the latest commitment of funds by a major U.S. corporation directed towards alleviating the housing affordability crisis.
In January, Kaiser Permanente announced it will spend $5.2 million to purchase a 41-unit apartment building in East Oakland. The company also unveiled a plan to partner with the city and community aid groups to identify, house and provide services for 500 vulnerable homeless people over the age of 50.
“Kaiser Permanente believes that in the 21st century there are certain things we should resolve and certain principles we should stand for,” company CEO Bernard Tyson said Tuesday. Homeless residents living on the streets, he said, “is unacceptable.”
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(Photo: Kaiser Permanente)