With the Framework, the City Council unanimously agreed to take steps towards issuing a City housing bond for investment into affordable housing development in the city of Sacramento, including allocations towards extremely low, very low, and low/median income housing, and efficiency housing units that are built with less than $100,000 in total government subsidy.
The Framework also includes priority policies that will be used in the review of projects, giving preference to applications that: are shovel-ready, have the lowest cost per unit, demonstrate collaboration, leverage other resources and funds (state, federal, private, etc.), invest in catalyst sites on major corridors and focused neighborhoods, use local construction labor force, further community equity and community health, and utilize innovation and replicable self-sustaining models.
Through this application process, the City will consider requests for loans, grants, land, or other assistance to expeditiously produce affordable housing units in the city of Sacramento. In anticipation of city-dedicated housing resources, staff is working to have project recommendations by June 2020 in order to expedite housing development and to allow applicants the opportunity to leverage state and federal resources with July/August deadlines.
If you submitted a housing application as part of the Inclusive Economic Development portal application process prior to January 31, 2020, you do not need to re-submit your original application. However, you must submit your name and email address through this application form and City staff will ensure that your previous application is included in this review process. If your original application has evolved and contains additional detail or updates, you may provide that information in the Supplemental Information section of this application. If you have any questions regarding consideration of your previous application, please contact: email@example.com.
The deadline to submit for this round of Sacramento Affordable Housing Trust Fund proceeds is April 24, 2020. All applications will be reviewed using the Framework adopted by the City Council at their January 28, 2020 meeting. Applications will be screened by City staff for minimum eligibility. Eligible applications that meet the Sacramento Affordable Housing Trust Fund Framework and are deemed complete and ready to proceed, will be reviewed by the 2020 Sacramento Affordable Housing Trust Fund Loan Committee. The Loan Committee includes City and Sacramento Housing and Redevelopment (SHRA) representatives, representatives of the Inclusive Economic Development Investment Committee and Measure U Advisory Committee, and local stakeholders in affordable housing and other residential development. Recommendations of the Loan Committee will be provided to the Measure U Advisory Committee and acted upon by the Sacramento City Council.