The deal was brokered by Oakland Mayor Libby Schaaf.
OAKLAND — Marking a major victory for a controversial group of housing activists, Moms 4 Housing will get a chance to move back into the West Oakland home its members were squatting in for two months before they were evicted last week.
The owner of the empty house on Magnolia Street, real estate investment group Wedgewood, has agreed to negotiate the sale of the property to the Oakland Community Land Trust — a nonprofit that works with community members to buy properties to convert to affordable housing.
The land trust intends to fix up the house and allow the Moms 4 Housing members to move back in, Oakland Mayor Libby Schaaf, who brokered the deal, said during a media conference Monday at City Hall.
In what Schaaf called a “historic agreement to change the way they do business in Oakland,” Wedgewood also agreed to allow the city, the land trust, or other affordable housing organizations the right of first refusal on all of the dozens of properties it owns and had planned to sell in the city.
That means going forward, the city or a nonprofit would have the option to buy those properties at fair market value and convert them into affordable housing. The city still is working out the details with Wedgewood, but Schaaf’s ultimate goal is to require all real estate investors to first offer their properties up as affordable housing.
“These three parties have come together to really send a message that everyone cares about this crisis of homelessness,” Schaaf said, “and that when we come together, we can make progress in solving this humanitarian crisis.”