Yellow Roof Foundation could get land in Oakley for affordable housing development

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On Tuesday, the Oakley City Council could approve a deal with yellow roof foundation for the sale of three plots that will lead to the construction of 6 affordable housing units.

The properties are located at 4981, 4901 and 4911 on Teakwood Drive in the town of Oakley. The City of Oakley has identified these parcels as “surplus properties”. The city is being offered $300,000 for properties that Staff recommends that Council adopt the resolution approving the purchase and sale Agreement with Yellow Roof Foundation.

The city is moving forward under AB 1255 and AB 1486. ​​After this notification process in September 2021, the city and the Yellow Roof Foundation have moved forward in good faith.

The Yellow Roof Foundation is a nonprofit public charity, founded in 2018 by Dave and Lori Sanson, owners of Concord-based DeNova Homes, Inc. The Yellow Roof Foundation strives to create affordable rental housing for families and individuals. risk of homelessness.

According to the staff report, the YRF would like to purchase the lots to build deed-restricted affordable housing in the form of a single-family residence on each lot, with each house having an adjoining accessory dwelling unit (ADU). A concept plan approved and forwarded to the City Council including a floor plan and elevation is attached to give perspective to what the YRF intends to build.

They plan to build what would look like a more traditional one-story house with a slightly higher roofline, allowing them to place the ADU on a true second story, without the clutter and ladder of a traditional two-storey house.

In November, the Yellow Roof Foundation opened affordable housing for families and individuals at risk of homelessness in the city of Pittsburg. Construction is underway on three single-family residences, each planned to include accessory dwelling units (ADUs) for a total of six families to call the community home.

Tax impact:

The City is expected to generate approximately $300,000 in gross revenue from the sale of the three City-owned parcels.

Item on the agenda:
1. Yellow Roof Foundation Purchase and Sale Agreement
2. Yellow Roof Foundation Letter of Intent
3. Concept plans
4. Draft resolution

Oakley City Council Meeting
Tuesday, August 9, 2022
6:30 p.m.
3231 Main Street, Oakley CA
Agenda: Click here

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