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Yolo County Housing Authority approves partnership to deed-restrict 30 KIND West Sacramento units
Summary
The housing authority on Oct. 15 approved moving forward with a partnership with Urban Elements and Fulcrum to deed-restrict 30 existing units at the KIND project in West Sacramento for 35 years and authorized staff to negotiate final documents for return in December.
The Yolo County Housing Authority on Oct. 15 approved a concept to partner with developer Urban Elements (in partnership with Fulcrum) to deed-restrict 30 existing units at the KIND project in West Sacramento for 35 years and directed staff to negotiate final terms for the commission’s return in December.
The measure matters because the agreement would convert 30 units at an existing market-linked apartment complex into long-term deed-restricted affordable housing and include a short-term operating loan from Yolo County Housing to meet tax-exemption requirements.
Ian Evans, executive director for Yolo County Housing, introduced the item and said the…
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