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 legal and practical control of Canopy Housing through its shared Board of Directors. Canopy Housing’s assets, operations, and management are legally and effectively controlled by the public housing authority (PHA), through which PHA functions or policies are implemented. If at a later date Canopy Housing is dissolved, all remaining assets will transfer back to HACS.
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PolicyConsiderations
Policy Considerations: The actions are consistent with the 2021-2029 City of Sacramento Housing Element Policy H-2.3 “Assist in the Development of Affordable Housing.”
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EconomicImpacts
Economic Impacts: Not applicable.
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EnvironmentalConsiderations
Environmental Considerations: Pursuant to Cal. Code Regs., tit. 14., section 15378 subds. (b)(2) and (4), the recommended action is not considered a “project,” as it constitutes an administrative activity that will not result in direct or indirect physical changes to the environment.
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Sustainability
Sustainability: Not applicable.
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Commission/Committee Action
Commission Action: Not applicable.
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RationaleforRecommendation
Rationale for Recommendation: The actions recommended in this report support SHRA’s ability to fulfill its mission of providing a range of affordable housing opportunities in the City of Sacramento.
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FinancialConsiderations
Financial Considerations: None. De minimis filing fees and costs associated with corporate formation of Canopy Housing, Inc. will be reimbursed to SHRA from future acquisition financing proceeds.
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LocalBusinessEnterprise
Local Business E - M/WBE and Section 3 requirements:
M/WBE & Section 3 Considerations:
The items discussed in this report have no M/WBE or Section 3 impact; therefore, M/WBE and Section 3 considerations do not apply.
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