Title
[Housing Authority] Authorize the Issuance of 501(c)(3) Bonds for the Financing of the Creek at 2645 Apartments
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FileID
File ID: 2026-01053
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Location
Location: 2645 Stonecreek Drive, District 3
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Recommendation
Recommendation: Adopt a Housing Authority Resolution authorizing the Interim Executive Director or designee to: 1) issue, execute, and deliver 501(c)(3) bonds of up to $125 million for the financing of the Creek at 2645 Apartments Project (Project); 2) to execute and deliver necessary documents relating thereto and approve all actions taken by officers and agents of the Housing Authority deemed necessary or advisable to issue and deliver the bonds; and 3) make related findings.
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Contact
Contact: Christine Weichert, Director, Development Finance, (916) 440-1353, cweichert@shra.org; Kecia Boulware, Deputy Executive Director, (916) 440-1353, kboulware@shra.org; Sacramento Housing and Redevelopment Agency
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Presenter
Presenter: Christine Weichert, Director, Development Finance, (916) 440-1353, cweichert@shra.org, Sacramento Housing and Redevelopment Agency
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Attachments
Attachments:
1-Description/Analysis
2-Housing Authority Bond Resolution
3-Exhibit A to Resolution (Public Disclosure Relating to Conduit Revenue Obligations)
4-Attachment 4 - Vicinity Map
5-Attachment 5- Project Rendering
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Description/Analysis
IssueDetail
Issue Detail: On April 28, 2026, the City Council held the required Tax Equity and Fiscal Responsibility Act (TEFRA) regarding the Housing Authority's intent to issue tax-exempt 501(c)(3) bonds to provide acquisition and rehabilitation financing for Creek at 2645 Apartments (Project). This report requests approval by the Housing Authority to issue 501(c)(3) bonds of up to $125 million for the financing of the Project.
Background: In January 2026, ArtHaus Partners (Project Administrator) approached the Sacramento Housing and Redevelopment Agency (SHRA) to discuss the issuance of ...
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