EBALDC’s partnership with Urban Core has resulted in protests (tags)
Considering that EBALDC had a fund balance of $22,884,524 during 2014, it appears that EBALDC, a so-called nonprofit housing developer, may be sucking it’s buildings dry financially with it’s general and administration fees, property management fees, repairs and maintenance fees, developer fees, and other charges it uses to collect huge sums of money from its many buildings and properties.
$2.5 million loan to affordable housing developer places low-income renters into debt (tags)
East Bay Asian Local Development Corporation (EBALDC), one of Oakland's largest non profit housing developers, places low-income renters at risk of high rents or displacement by borrowing $2.5 million to renovate the 21 unit building they reside in!