The Brief
- Collective raises $100 million to help revitalize East Oakland.
- Funds from donors and matching $50 million from New York philanthropic group.
- Money will go toward affordable housing, wellness centers and other initiatives over 5 years.
OAKLAND, Calif. – East Oakland collective Rise East has secured $100 million to help revitalize the community through affordable housing, wellness centers and commercial corridors; a feat that was hailed Thursday by advocates and Oakland Mayor Barbara Lee.
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“Thank you, Rise East, for staying the course, meeting your fundraising goal of 100 million dollars,” Lee said to applause at an East Oakland community center that formerly housed an elementary school.…