The East Bay Asian Local Development Corporation (EBALDC) was created in 1975 around the dream of buying and preserving a beautiful but deteriorated warehouse in Oakland's Chinatown. From those efforts, the Asian Resource Center was developed. The building is a historic landmark that serves as a multi-service center for nonprofit organizations, medical offices and retail businesses.
EBALDC has grown to become a lead developer of affordable housing in the East Bay. During the past 33 years, EBALDC has developed 164 home ownership units, 1,406 affordable apartments, and over 300,000 square feet of commercial space for community organizations, including space for nonprofit organizations, resident services, childcare, small businesses and an art gallery. EBALDC has developed 22 properties, three of which are historic renovation structures. EBALDC recently celebrated the grand opening of its newest project, Seven Directions, a partnership with the Native American Health Center, that created a 20,000 square foot health clinic and 36 units of affordable housing. EBALDC's primary geographic boundaries are Alameda and Contra Costa counties. EBALDC has won multiple awards for excellence in development, design and management.
EBALDC complements its real estate development with programs that bring neighborhood revitalization and asset development to the communities in which we work. In 1997, EBALDC was tapped to serve as the lead agency for the Bay Area IDA Collaborative, a four-year National American Dream Policy Demonstration project that was the first large-scale test of the efficacy of Individual Development Accounts (IDAs) as a route to economic independence for low-income communities. Since the IDA program began, 1,164 people have participated in the program having saved a total of $2,070,381, leveraging an additional $1,858,243 toward a home downpayment, education or small business development.
One thing that hasn't changed since 1975 is EBALDC's core values: its respect for historic buildings and cultures, our belief in the importance of people's visions and in creating the social and economic means to make them come to life.
Mission: EBALDC is a community development corporation that develops affordable housing and community facilities with integrated services focused on tenants and neighborhood residents, with emphasis on Asian Pacific Islander communities and the diverse low income populations of the East Bay.
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