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Sacramento council approves $7.8 million loan for Central Sacramento Studios Phase 2
Summary
The Sacramento City Council voted 8-0 to approve $7.8 million in local housing and HOPWA funds to finance construction of Central Sacramento Studios Phase 2, a 52‑unit permanent supportive housing project developed by Danco Communities.
The Sacramento City Council approved a $7.8 million loan package to finance Central Sacramento Studios Phase 2, a five‑story modular building with 52 units of permanent supportive housing, during its regular meeting. The motion passed 8‑0.
Sacramento Housing and Redevelopment Agency (SHRA) staffer Whitney Hinton told the council that the financing combines local housing trust fund dollars, SHRA financing, and HOPWA funds to support new construction adjacent to the existing Central Sacramento (the rehabilitated Sutter House Motel). “Staff is requesting approval of final loan documents of the local housing trust…
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