Comment on City Council approves $100 million fund for affordable housing

City Council approves $100 million fund for affordable housing

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,”…

 

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