Title:
Title
Affordable Housing Sustainable Communities Applications for Twin Rivers and Railyards Housing Projects
End
FileID
File ID: 2019-00082
Location
Location: River District and Railyards, District 3
Recommendation:
Recommendation
Adopt: 1) a Resolution supporting the grant application for the Twin Rivers Housing Project from the State of California for Affordable Housing and Sustainable Communities (AHSC) program funding; and 2) a Resolution supporting the grant application for the Railyards Lot 48 Mixed-Income Housing Project for AHSC funding.
Contact: Rachel Hazlewood, Economic Development Senior Project Manager, (916) 808-8645; Marco Gonzalez, Project Manager, (916) 808-5757, Office of Innovation and Economic Development
Body
Presenter: None.
Attachments:
1-Description/Analysis
2-Resolution Supporting Twin Rivers Application
3-Resolution Supporting Railyards Application
Description/Analysis
Issue Detail: On November 1, 2018, the State of California issued a Notice of Funding Availability for $395 million in available statewide funding from the Strategic Growth Council's Affordable Housing and Sustainable Communities (AHSC) program. The program provides grants and loans to housing projects that will achieve reductions in greenhouse gas ("GHG") emissions by increasing access to affordable housing and key destinations via low-carbon transportation modes and increased use of transit, bicycling and walking. Typically, affordable housing developers are the primary applicants.
Two development teams in the city intend to submit applications for funding in this round. First, the Sacramento Housing and Redevelopment Agency (SHRA) and the housing developer McCormack Baron Salazar, Inc. (MBS) will be co-applicants on an AHSC grant application for up to $20 million in funding for the Twin Rivers Housing Project. The application requests funding for the Phase 2 of the project's housing development and associated active transportation eleme...
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