Title
[City Council/Housing Authority] I Street Apartments Project: Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing, Approval of Tax Exempt Bonds and Loan Commitment in the Amount of $2 Million [Published 01/13/2026]
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FileID
File ID: 2026-00135
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Location
Location: 1511-1517 I Street, District 4
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Recommendation
Recommendation: Conduct a public hearing and upon conclusion, adopt 1) a City Council Resolution authorizing the Sacramento Housing and Redevelopment Agency (Agency) to a) amend its budget and allocate $2 million in Permanent Local Housing Allocation (PLHA) funds for the acquisition, construction and permanent financing of I Street Apartments (Project), b) approve a Conditional Loan Commitment of $2 million in PLHA funds to Community HousingWorks (Developer), or related entity, c) execute related documents, and d) make related findings; 2) a City Council Resolution indicating the City Council has conducted a TEFRA public hearing related to the proposed construction and financing of the Project; and 3) a Housing Authority Resolution a) indicating the intention of the Housing Authority of the City of Sacramento to issue up to $26.5 million in tax-exempt mortgage revenue bonds to provide acquisition, construction, and permanent financing for the Project, and b) authorizing an application to the California Debt Limit Allocation Committee for allocation authority to issue bonds.
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Contact
Contact: Christine Weichert, Director of Development Finance, (916) 440-1353, cweichert@shra.org, Sacramento Housing and Redevelopment Agency
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Presenter
Presenter: Christine Weichert, Director of Development Finance, (916) 440-1353, cweichert@shra.org, Sacramento Housing and Redevelopment Agency
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Attachments
Attachments:
1-Description/Analysis
2-City Council Resolution
3-Exhibit A to Resolution
4-TEFRA Resolution
5-Inducement Resolution
6-Vicinity Map
7-Site Plan
8-Project Renderings
9-Project Summary
10-Cash Flow Pr...
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