Title
Authorizing Formation of Canopy Housing, Inc. and Related Actions Therewith
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FileID
File ID: 2026-01770
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Housing Authority Resolution: 1) authorizing the formation of Canopy Housing, Inc., a nonprofit public benefit corporation to hold property pursuant to the Housing Authorities Law (California Health and Safety Code section 34200, et seq.) under the control of the Housing Authority of the City of Sacramento; and 2) authorizing the Executive Director or designee to execute the related documents.
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Contact
Contact: Kecia Boulware, Deputy Executive Director, (916) 440-1324, kboulware@shra.org, Sacramento Housing and Redevelopment Agency
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Presenter
Presenter: Kecia Boulware, Deputy Executive Director, (916) 440-1324, kboulware@shra.org, Sacramento Housing and Redevelopment Agency
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Attachments
Attachments:
1-Description/Analysis
2-Housing Authority Resolution
3-Exhibit A - Canopy Housing, Inc. Articles of Incorporation
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Description/Analysis
IssueDetail
Issue Detail: The Housing Authority of the City of Sacramento (HACS), desires to create a new instrumentality to acquire and hold property, which will expand HACS ability to provide affordable housing options in Sacramento. Canopy Housing, Inc., the new instrumentality, will be a nonprofit public benefit organization structured with the same Board of Directors as HACS, the Sacramento City Council, which will allow it to take advantage of the tax exemptions provided under California Assembly Bill 1528. Key advantages to having Canopy Housing hold property in lieu of HACS include stronger liability protection, access to diverse financing tools, and greater operational flexibility.
It is the intent of Canopy Housing to assist HACS in furthering its mission by diversifying its housing portfolio and providing housing across a broader spectrum of household incomes.
HACS will maintain full...
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