From the Sacramento Redevelopment & Housing Agency's newsletter:
A new affordable housing development by Mercy Housing is under construction in Sacramento's Oak Park community after a groundbreaking celebration August 18 with the City of Sacramento, Sacramento Housing and Redevelopment Agency (SHRA) and numerous partners.
The project at 4995 Stockton Boulevard was once an eight-acre vacant lot but will soon be the site of 200 new spacious, energy-efficient homes for families.
Located south of the UC Davis Medical Center and proposed Aggie Square and just north of Fruitridge Road, this 100% affordable community is expected to welcome families earning 30% to 70% of the Area Median Income beginning January 2024. In addition to free, onsite resident services, families will enjoy green spaces, family-friendly park and play equipment, a community room and kitchen, ample parking, and professional property management. The development will help fill Sacramento’s affordable housing need and serve as an integral part of the larger robust redevelopment plan for the Stockton Boulevard corridor providing residents with access to public transit, grocery stores, schools, shopping, and recreation.
The development is funded in part by the City of Sacramento and Sacramento Housing and Redevelopment Agency, with bonds and tax credits from CDLAC and TCAC, and with investment from Bank of America. For additional information on the project visit mercyhousing.org.