Bay Area

$4 Million Dedicated to Affordable Housing in Fairfax: County loan allows nonprofit to purchase, rehabilitate apartments

The Marin County Board of Supervisors approved a $4 million loan[PDF] from the County’s Affordable Housing Fund on January 31 so a nonprofit housing development and management company can buy and refurbish an 80-unit complex in Fairfax, preserving it for lower-income residents.

Published

3 years ago

February 25, 2023

Oakland Post

Sherwood Oaks Apartments in Fairfax

San Rafael, CA – The Marin County Board of Supervisors approved a $4 million loan[PDF] from the County’s Affordable Housing Fund on January 31 so a nonprofit housing development and management company can buy and refurbish an 80-unit complex in Fairfax, preserving it for lower-income residents.

MidPen Housing Corporation[External] will receive the loan from the Affordable Housing Fund, designed to support multifamily projects throughout Marin that house those earning at or below 80% of the area median income, or about $149,100 for a household of four. Marin, one of the most expensive housing markets in the country, is experiencing a severe shortage of homes for lower-income households.

The funding is earmarked for Sherwood Oaks Apartments at 200 Bolinas Road in downtown Fairfax, walking distance from grocery stores, parks, and public transit and situated in a highly regarded school district. MidPen, based in San Mateo County, is seeking additional grants and loans to complete its first acquisition in Marin.

The County’s loan is coordinated by the Marin County Community Development Agency (CDA) Housing and Federal Grants Division. The fund helps the County leverage additional state, federal and philanthropic dollars to increase the supply of affordable homes in Marin. MidPen’s acquisition of Sherwood Oaks will make the units permanently affordable with restrictions to prevent future displacement of existing residents and add to inventory of homes deemed affordable compared with the rest of Marin.

With social equity and reduction of greenhouse gas emissions as driving motivations, the County has a long track record of effective use of the Affordable Housing Fund. CDA strives to work with nonprofits that foster diverse communities and allow residents from all backgrounds live in dignity, harmony, stability, and respect. MidPen’s project aligns with the County goal of providing housing in high-opportunity areas, defined as places that already have strong economic, environmental, and educational outcomes for residents.

Affordable Housing Fund money has been distributed through the years to projects in Marin’s cities and towns as well as the unincorporated areas of West Marin. Recent allotments have gone toward the conversion of former U.S. Coast Guard multifamily housing in Point Reyes Station, an acquisition by BRIDGE Housing, and several projects managed by Homeward Bound of Marin.

Learn more about CDA housing’s program or the federal grants program on the County website.

Oakland Post

Posts by Oakland Post

Up Next

Arts Education Funding in California: How Will Proposition 28 Roll Out?

Don't Miss

Don’t Kid Yourself, History and Racism Are Traumatic

Oakland Post

Click to comment

Activism

Oakland Post: Week of February 25 – March 3, 2026

The printed Weekly Edition of the Oakland Post: Week of – February 25 – March 3, 2026

Published

1 week ago

March 1, 2026

Oakland Post

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

Oakland Post

Posts by Oakland Post

Activism

Chase Oakland Community Center Hosts Alley-Oop Accelerator Building Community and Opportunity for Bay Area Entrepreneurs

Over the past three years, the Alley-Oop Accelerator has helped more than 20 Bay Area businesses grow, connect, and gain meaningful exposure. The program combines hands-on training, mentorship, and community-building to help participants navigate the legal, financial, and marketing challenges of small business ownership.

Published

2 weeks ago

February 21, 2026

Oakland Post

Bay Area entrepreneurs attend the Alley-Oop Accelerator, a small business incubation program at Chase Oakland Community Center. Photo by Carla Thomas.

By Carla Thomas

The Golden State Warriors and Chase bank hosted the third annual Alley-Oop Accelerator this month, an empowering eight-week program designed to help Bay Area entrepreneurs bring their visions for business to life.

The initiative kicked off on Feb. 12 at Chase’s Oakland Community Center on Broadway Street, welcoming 15 small business owners who joined a growing network of local innovators working to strengthen the region’s entrepreneurial ecosystem.

At its core, the accelerator is designed to create an ecosystem of collaboration, where local entrepreneurs can learn from one another while accessing the resources of a global financial institution.

“This is our third year in a row working with the Golden State Warriors on the Alley-Oop Accelerator,” said Jaime Garcia, executive director of Chase’s Coaching for Impact team for the West Division. “We’ve already had 20-plus businesses graduate from the program, and we have 15 enrolled this year. The biggest thing about the program is really the community that’s built amongst the business owners — plus the exposure they’re able to get through Chase and the Golden State Warriors.”

According to Garcia, several graduates have gone on to receive vendor contracts with the Warriors and have gained broader recognition through collaborations with JPMorgan Chase.

“A lot of what Chase is trying to do,” Garcia added, “is bring businesses together because what they’ve asked for is an ecosystem, a network where they can connect, grow, and thrive organically.”

This year’s Alley-Oop Accelerator reflects that vision through its comprehensive curriculum and emphasis on practical learning. Participants explore the full spectrum of business essentials including financial management, marketing strategy, and legal compliance, while also preparing for real-world experiences such as pop-up market events.

Each entrepreneur benefits from one-on-one mentoring sessions through Chase’s Coaching for Impact program, which provides complimentary, personalized business consulting.

Garcia described the impact this hands-on approach has had on local small business owners. He recalled one candlemaker, who, after participating in the program, was invited to provide candles as gifts at Chase events.

“We were able to help give that business exposure,” he explained. “But then our team also worked with them on how to access capital to buy inventory and manage operations once those orders started coming in. It’s about preparation. When a hiccup happens, are you ready to handle it?”

The Coaching for Impact initiative, which launched in 2020 in just four cities, has since expanded to 46 nationwide.

“Every business is different,” Garcia said. “That’s why personal coaching matters so much. It’s life-changing.”

Participants in the 2026 program will each receive a $2,500 stipend, funding that Garcia said can make an outsized difference. “It’s amazing what some people can do with just $2,500,” he noted. “It sounds small, but it goes a long way when you have a plan for how to use it.”

For Chase and the Warriors, the Alley-Oop Accelerator represents more than an educational initiative, it’s a pathway to empowerment and economic inclusion. The program continues to foster lasting relationships among the entrepreneurs who, as Garcia put it, “build each other up” through shared growth and opportunity.

“Starting a business is never easy, but with the right support, it becomes possible, and even exhilarating,” said Oscar Lopez, the senior business consultant for Chase in Oakland.