Sacramento's biggest affordable housing project breaks ground on R Street

Sacramento's biggest affordable housing project breaks ground on R Street

Speaker after speaker at a groundbreaking event Tuesday morning on Sacramento's R Street made note of the big numbers involved with Monarch, the affordable housing project now underway.

Developer agrees to keep some units on New Salem Street at affordable rates - NH Business Review

It took a bit of elbow grease and some old-fashioned bargaining, but a proposed apartment development on New Salem Street won planning board approval on Tuesday night, along with a partial waiver of impact fees, in exchange for keeping some of the units affordable. In an agreement negotiated on-the-fly during the meeting, KNM Holdings, the development entity planning to build 48 apartments at 77 and 97 New Salem, will rent-restrict four units to…

California's Excess Sites Program Boosts Low-Income Housing in Sacramento - Davis Vanguard

Monarch, an affordable housing development in Sacramento, will create 241 homes for low- to extremely low-income residents, including those exiting or at risk of homelessness, and is part of Governor Newsom's Excess Sites Program to repurpose excess state land into affordable housing.

Sacramento officials break ground to transform property into 241 affordable housing units - Sacramento City Express

Sacramento’s downtown R Street Corridor will soon be home to Monarch (805 R Street), a mixed-use affordable housing development providing 241 units for working families. City, County and State officials joined Capitol Area Development Authority and Mutual Housing California on Tuesday to celebrate the official groundbreaking of the downtown Sacramento project. Monarch is being constructed […] The post Sacramento officials break ground to transfo…