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Council approves $2.1 million additional funding for River City Apartments; project to house 15 adults with developmental disabilities
Summary
The housing authority approved providing an additional $2.1 million to River City Apartments to fill a financing gap after state tax credit shortfalls. The five‑story, 66‑unit project will reserve 15 units for residents with developmental disabilities and include supportive services.
The Housing Authority approved an additional $2,100,000 in funding to River City Apartments to help fill a financing gap after the project was unsuccessful in a state tax credit round.
SHRA staff said the council previously approved a $2,000,000 loan and bond issuance for the project in April of the prior year; decreased availability of state tax credits required the developer to seek additional funds. The River City Apartments project is proposed on about one acre at the corner of 60 Ninth Street and Folsom Boulevard. Staff described a five‑story building with 66 units (one‑, two‑ and three‑bedrooms) serving households at 30–70% of area median income and amenities that include a community room, barbecue area, school‑age play structure and a half‑court basketball court.
Staff said the project will be the permanent home for 15 individuals with developmental disabilities. Chelsea Investment Corporation is listed as the developer and Con Am Management as the approved management company. Resident services will be provided by Pacific Southwest Community Development Corporation, which will deliver 15 hours of on‑site resident services, including at least 10 hours of after‑school programming. The Alta California Regional Center was described as providing a minimum of 15 hours per week of supportive care for the 15 residents with developmental disabilities. SHRA staff also noted the Department of Developmental Services approved a $1,500,000 loan to the Bridal City Apartments project (as stated in staff remarks).
Council discussion included a question about whether the unit mix requires additional ADA‑accessible parking for residents with developmental disabilities; staff said city parking standards apply and agreed to follow up with the developer and city staff to evaluate whether additional ADA parking should be required. Council member Guerra directed staff to follow up with Sacramento State on recruitment outreach because of the project’s proximity to campus; that direction was added to the motion.
Council members moved and seconded the item and it passed on a roll call vote. No conditions limiting funding disbursement were recorded; staff will proceed with the additional funding and follow up on ADA parking and outreach directions.
