Title
Creek at 2645 Apartments Project: Conduct a Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing for Bonds Issued by the Housing Authority of the City of Sacramento [Published 04/14/2026]
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FileID
File ID: 2026-00678
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Location
Location: 2645 Stonecreek Drive, District 3
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Recommendation
Recommendation: Conduct a public hearing and upon conclusion, adopt a City Council Resolution acknowledging that the Tax Equity and Fiscal Responsibility (TEFRA) public hearing has been conducted related to the acquisition and rehabilitation of the Creek at 2645 Apartments Project (Project).
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Contact
Contact: Christine Weichert, Director, (916) 440-1353, cweichert@shra.org; Kecia Boulware, Deputy Executive Director, (916) 440-1324, kboulware@shra.org; Sacramento Housing and Redevelopment Agency
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Presenter
Presenter: Christine Weichert, Director, (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-Vincity Map
4-Project Photo
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Description/Analysis
IssueDetail
Issue Detail: The actions recommended in this report serve as the required TEFRA hearing for proposed 501(c)(3) tax-exempt bonds to be issued by the Housing Authority of the City of Sacramento in an amount not to exceed $100 million for the acquisition of the Creek at 2645 Apartments Project (Project).
Background: In January 2026, ArtHaus Partners (Project Administrator) approached the Sacramento Housing and Redevelopment Agency (SHRA) to discuss the issuance 501(c)(3) bond in an amount not to exceed $100 million to fund the acquisition of the Project, a 368-unit multifamily development.
SHRA has historically brought forth transactions involving the issuance of Tax-Exempt Mortgage Revenue Bonds that are subject to the State's volume cap, administered by the California Debt Limit Allocation Committee (CDLAC). Under that typical scenar...
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