Title
Grant Agreement with Urban Capital, LLC for the Rio Linda Senior Housing HomeKey+ Project
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FileID
File ID: 2026-01536
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Location
Location: 2809-2821 Rio Linda Blvd, District 2
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Recommendation
Recommendation: Pass a Motion authorizing the City Manager or designee to execute a grant agreement with Urban Capital LLC (Urban Capital), developer and co-applicant, in the amount of $786,091 for the development of the Rio Linda Senior HomeKey+ Project at 2809-2821 Rio Linda Blvd. using Homeless Housing, Assistance, and Prevention Round 4 (HHAP-4) Permanent Supportive Housing funding.
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Contact
Contact: Ya-yin Isle, City Housing Manager, (916) 808-1869, yisle@cityofsacramento.org, Department of Economic Development
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Grant Agreement
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Description/Analysis
IssueDetail
Issue Detail: On May 13, 2025, the Sacramento City Council adopted Resolution No. 2025-0120, authorizing the Interim City Manager or designee to jointly apply for State Homekey+ grant funds for the Rio Linda Senior Housing Project (Project) on behalf of the City of Sacramento and Urban Capital, the developer and co-applicant for the Project, for an amount up to $28.4 million. On May 30, 2025, the application was submitted to the California Department of Housing and Community Development (HCD) for the Project with a proposed 100 units of permanent supportive housing (PSH) for seniors and senior veterans. HCD subsequently issued an amendment to the Homekey+ Notice of Funding Availability (NOFA) on August 7, 2025, due to undersubscription of available Homekey+ funding after the original May 30, 2025, Homekey+ application deadline. The amended NOFA re-opened the Homekey+ NOFA for all project types, with prioritization for awarding projects based on inclusion of veteran units.
Since the City’s initial submission of the Application in May 2025, City staff expanded capacity to serve ...
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