Sacramento City Council voted unanimously on Tuesday to create a new trust fund which could raise $100 million over two years to kick-start the construction of a possible tens of thousands of new affordable housing units. The proposed trust fund would issue bonds to raise grant and loan money to both rental and for-purchase affordable housing projects to fill financing gaps and accelerate construction. “This is a big deal because Sacramento has so many great and unbelievable things going on,”…
City Council Approves $100 Million Fund For Affordable Housing
Emily Hamann, Biz Journals
Tue, 01/28/2020 - 7:59pm
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