Morh 1 Apartments
741 Filbert Street • Oakland, CA
In 2016, Community Preservation Partners (CPP) acquired Morh 1 Apartments, a 126-townhome community that was in need of infrastructural and aesthetic improvements. CPP made extensive repairs to the property and greatly upgraded the living conditions for the hundreds of residents who call Morh 1 their home.
PARTNERSHIPS
This rehabilitation was a joint venture with Related Affordable. Together, the two companies transformed Morh 1 Apartments into vibrant community with first-class recreational opportunities, including a basketball court, clubhouse and computer room. CPP partnered with the Foundation for Affordable Housing to provide needed services including computer and homework assistance for the residents.
CPP invested $11.2 million into the project; consequently, rents will be kept below market rates for an additional 55 years.
Public Support
- Department of Housing and Community Development
- California Tax Credit Allocation Committee
- California Debt Limit Allocation Committee
Private Investors
- WNC & Associates, Inc.
Financial and Other Partners
- Citi Bank
- Freddie Mac
Renovation Influencers
- Icon Builders
- Residents
- Related Management
- City of Oakland Planning
- Irwin Partners Architects
- Partner Energy
Development Team
- Irwin Partners Architects
- Icon Builders
- Related Affordable
- Related Management
- Cox Castle & Nicholson (HUD Counsel)
- Partner Energy
COMMUNITY
Following CPP’s extensive renovation, Mohr 1 Apartments now has:
- Outdoor lighting
- Community barbecue areas
- Basketball court
- Computer room and WiFi
- New exterior facade
- Enhanced roofing
- Walking paths
- Revamped security systems
- New floors and windows
- Microwaves
- Energy-efficient dishwashers
- Drought-resistant landscaping
- Carpeting
