THE CITY OF OAKLAND has successfully issued bonds worth $334 million to fund infrastructure projects, Mayor Barbara Lee, City Administrator Jestin Johnson and other city officials announced at a press conference at City Hall on Tuesday.
The framework for the issuance and use of the bonds is set out through the Affordable Housing Infrastructure Bond, which appeared on the November 2022 ballot as Measure U. The passing of the measure authorized the city to issue a total of $850 million in bonds for infrastructure projects.
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