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Council approves financing for Donner Field Senior Apartments, a 67‑unit affordable senior project
Summary
The City Council held a TEFRA hearing and approved final funding documents allowing the Housing Authority to issue up to $30 million in tax‑exempt multifamily mortgage revenue bonds and a construction/permanent loan for Donner Field Senior Apartments, a new 67‑unit project for seniors at or below 50% AMI.
The Sacramento City Council on Tuesday approved final financing documents and held a Tax Equity and Fiscal Responsibility Act (TEFRA) hearing for Donner Field Senior Apartments, clearing the way for tax‑exempt multifamily bonds and related loans to fund the project.
Christine Weichard of the Sacramento Housing and Redevelopment Agency told the council this is "a TEFRA hearing and approval of the final funding documents for Donner Field Apartments," and summarized the proposal: new construction of 67 one‑ and two‑bedroom units for seniors at or below 50% of area median income, one manager unit, and resident amenities including a community building, computer room, kitchen, barbecue area and community garden.
Why it matters: the council’s action authorizes the issuance of multifamily mortgage revenue bonds not to exceed $30,000,000 and approves construction and permanent loan documents with Donner Field Senior LP for about $13,710,000, enabling the project to close financing and begin construction. The project includes 17 project‑based voucher units reserved for formerly homeless residents with county‑provided case management; Eden Housing will provide property management and resident services.
Council members who spoke in favor said the project completes long‑running efforts to redevelop scattered vacant parcels on Ninth Avenue near Stockton Boulevard and will add housing targeted to low‑income seniors. Several council members noted the project’s long timeline from surplus of city land to project approval, and asked SHRA for updates on other surplus parcels in the same area.
Action and next steps: SHRA said staff expects to close financing later this month and begin construction shortly thereafter. The council voted in favor and the motion passed unanimously.
Votes at a glance: The council approved the TEFRA hearing and final funding documents for Donner Field Senior Apartments; the motion passed 8–0.
Details extracted from council record: the bond authorization not to exceed $30,000,000; a construction/permanent loan of $13,710,000; 67 units for seniors at or below 50% AMI; 17 units with project‑based vouchers; management and resident services by Eden Housing.
Community context: council members noted adjacent redevelopment activity on Ninth and Tenth avenues and described the project as an element of longer‑term neighborhood revitalization.
No members of the public spoke in opposition at the hearing. The council’s action authorizes SHRA and the Housing Authority to complete closing and begin construction once remaining conditions are met.
