Oakland residents are still waiting to find out whether the city will approve their $3.3 million affordable housing proposal for a community college campus, but the proposal has a long way to go to garner approval from the city council.
The Oakland City Council voted Monday night to approve the project at the community college at 9th and Union streets in the heart of the city.
The project, dubbed the Oakland Community College and Community Development Initiative, was approved with two votes in favor and two votes against, with the council approving the proposal on a 3-3 vote.
Councilwoman Terri Burke-Mueller voted against the project.
The proposed 1.5 million square-foot campus will be located in the historic downtown area of Oakland.
The city council approved the plan in August after it was revealed that a developer would be seeking to build the campus in a nearby building.
Council members have yet to decide whether to approve a similar proposal at a community colleges in South Oakland.
Oakland residents will pay about $2.3 per square foot for the site, with a one-year waiting period to get a mortgage, according to the plan.
The affordable housing plan was submitted in March, but council members were still weighing whether to move forward with the proposal.
The plan includes about 600 affordable units, about 400 of which will be below market rate.
There will also be room for about 700 more units, which would cost between $300,000 and $400,000.
The housing will be made up of four to six units and the majority of them will be market rate, according the plan, which is expected to include about a third of the units for rent.
The community college would offer a mix of college and university-affiliated programs, with classes taught by faculty from across the country and around the world.
A $2 million project has been approved for the campus, which will include more than 100,000 square feet of space, with another 300,000 to be devoted to community and senior center space.
The university would pay for the construction and operating costs, according, according a city website.
The council voted to include an exception for the college campus in its approved plan.
In addition to a community center, the project would include an apartment building and an apartment community.
The developer will also build a small parking garage and other facilities on the site.
The land is valued at more than $1.6 million, the city said.
The Berkeley City Council is expected in June to consider the city’s first affordable housing measure, which calls for the purchase of the property for about $1 million.
The cost of building and operating the housing complex would be paid for by the city, with property taxes paying for about a quarter of the cost.