Title
Tax Equity and Fiscal Responsibility Act (TEFRA) Hearing, Approval of Tax Exempt Bonds and Loan Commitment in the Amount of $5.1 Million for Florin Family Apartments [Published 06/09/2026]
End
FileID
File ID: 2026-01202
End
Location
Location: 2800 Florin Road, District 8
End
Recommendation
Recommendation: Conduct a public hearing and upon conclusion, adopt: 1) a City Council Resolution authorizing the Sacramento Housing and Redevelopment Agency (Agency) to a) amend its budget and allocate $5.1 million comprised of $2.3 million Mixed Income Housing Ordinance (MIHO), $1.75 million Housing Trust Fund (HTF), and $1.05 million Local Housing Trust Funds (LHTF) for the acquisition, construction and permanent financing of Florin Family Apartments (Project), b) approve a Conditional Loan Commitment of $5.1 million comprised of $2.3 million Mixed Income Housing Ordinance (MIHO), $1.75 million Housing Trust Fund (HTF), and $1.05 million Local Housing Trust Funds (LHTF) to Christian Church Homes (Developer), or related entity, c) execute related documents, and d) make related findings; 2) a City Council Resolution indicating the City Council has conducted a TEFRA public hearing related to the proposed construction and financing of the Project; and 3) a Housing Authority Resolution indicating the intention of the Housing Authority of the City of Sacramento to issue up to $21 million in tax-exempt mortgage revenue bonds to provide acquisition, construction, and permanent financing for the Project.
End
Contact
Contact: Christine Weichert, Director of Development Finance, (916) 440-1353, cweichert@shra.org, Sacramento Housing and Redevelopment Agency
End
Presenter
Presenter: Christine Weichert, Director of Development Finance, (916) 440-1353, cweichert@shra.org, Sacramento Housing and Redevelopment Agency
End
Attachments
Attachments:
1-Description/Analysis
2-City Council Resolution - Loan Commitment
3-Exhibit A to Resolution - Commitment ...
Click here for full text