Creek at 2645 Apartments Bond Issuance
Sacramento, California
Summary
The council approved $125 million in tax-exempt bonds for a nonprofit to acquire and renovate 368 apartments on Stonecreek Drive, ensuring long-term rent restrictions for lower-income residents.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed May 26, 2026.
Impact analysis
Up to $125 million in tax-exempt bond financing supported by property revenues.
Low- and moderate-income residents of the 368-unit apartment complex who will benefit from property rehabilitation and preserved affordability.
Local taxing agencies forego potential property tax revenue due to the welfare tax exemption associated with the nonprofit acquisition.
Mentions & discussions (1)
Related development
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