I Street Apartments Affordable Housing Financing
Sacramento, California
Summary
The council approved a $2 million loan and up to $26.5 million in bonds for the new I Street Apartments project, which will provide affordable housing units near downtown.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 27, 2026.
Impact analysis
Comnits $2 million in local housing funds and issues up to $26.5 million in tax-exempt bonds.
Low-income and homeless individuals and families in need of affordable housing in the central core.
Mentions & discussions (3)
City Council - Oct 27, 2026
A 12-story, 198-unit affordable building at 677 Q Street got its financing approved — $2 million in housing trust funds plus tax-exempt bonds. Units serve folks earning 30-70% of area median income, with supportive services for tenants with intellectual and developmental disabilities.
2:00 PM City Council - Aug 25, 2026
SHRA presented an annual progress report showing strong production of permanent supportive housing units under the city-county partnership agreement. However, officials raised serious concerns about federal voucher shortages and rising rents impacting future development.
2:00 PM City Council - Jan 27, 2026
The council approved a $2 million loan and up to $26.5 million in bonds for the new I Street Apartments project, which will provide affordable housing units near downtown.
Related development
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