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A new 113-unit affordable housing option for low-wage families, the San Juan Apartments, will open in 2026. The $67 million development at 5700 Stockton Blvd. near Fruitridge Avenue is being built ...
USA Properties Fund is building the 111-unit apartment complex and expects to finish the $32 million project in the first few months of 2023. Folsom has one of the most severe affordable housing ...
The need for affordable housing in Sacramento is huge. SHRA has recently redeveloped the large Mirasol Village public housing community in the River District. When it opened last year, according ...
Issi Romem, an economist at the Terner Center for Housing Innovation at the University of California, Berkeley said: "...as long as abundant new housing was built to accommodate those drawn to California, housing price growth was limited and the state's allure was channeled into population growth: From 1940 to 1970 California's population grew 242 percent faster than the national pace, while ...
More Than Shelter for Seniors, Inc. was established to provide enriched living services to residents of Century-funded senior housing complexes. In 2006, this entity became completely independent as EngAGE, which continues to provide life-enhancing services to low-income seniors living in affordable apartment communities.
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
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