The Extended Stay America Hotel adjacent to the Oakland Best Buy has been acquired by the City of Oakland to convert to a homeless shelter.
105 of the 149 rooms at the hotel will be used to provide shelter and services for as many as 150 unsheltered individuals and couples within Oakland (The balance of these units are already being occupied through other programs).
The property will initially serve as interim housing and then be converted into 125 units of permanent supportive housing. This conversion tentatively scheduled to begin in spring 2026.
“This is one part of a multi-faceted strategy, and we will continue to pursue innovative solutions to support our most vulnerable residents,” said Oakland Interim Mayor Kevin Jenkins in a press release provided by the city.
Cost of the acquisition was $36.6M which came from three sources including $32M from the state ($7M from Encampment Resolution Funding and $25M from the Community Care Expansion program) and $4.6M through Oakland’s Rapid Response Homeless Housing (R2H2) program. Oakland will also contribute $8 million in funds from R2H2 for rehabilitation of the building.
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