mortgages in an affordable-housing construction program with the city of Oakland.

Other partners in the Oakland Homeownership Alliance are Freddie Mac, Home Buyer Assistance Center, Low Income Housing Fund, Local Initiatives Support Corp., and other nonprofit organizations.

The group plans to develop homes in seven neighborhoods in Oakland. Mayor Jerry Brown said that the alliance would enable 10,000 families to buy homes in Oakland, boosting the city's homeownership rate to 47%, from 42%.

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