Oak Park Vacant Single Family Lots
Development Status
Oak Park
Vacant Single Family Lots
Development Status
January 18, 2022
Background
3 lots
South of Broadway
7 lots
North of Broadway
Options for Development
Option 1: SHRA as developer
• History of developing Single Family homes
• Construction documents and architectural plans
• Completed in 3 Phases
• Expected completion 2024
• Option 2: SHRA transfers properties to another developer • Worked with outside developers for affordable housing projects on Agency land • Release an RFP to developers
• Enter into a DDA with selected Developer
• Expected completion in early 2024
Financial considerations
• Maximum affordable sales price for a 4-bedroom home is currently $479,845 • Cost of building affordable housing exceeds the maximum sales price • A subsidy will be required to complete the homes
PRESENTATION 2PM Item 1 - (Housing Authority) Oak Park Vacant Single Family Lot Development Status (PDF-760 KB) [Updated 02/07/2022 @ 3:16 p.m.]
Sacramento City Council
January 25, 2022
- Document
- PRESENTATION 2PM Item 1 - (Housing Authority) Oak Park Vacant Single Family Lot Development Status (PDF-760 KB) [Updated 02/07/2022 @ 3:16 p.m.]
- Meeting
- January 25, 2022
- Body
- Sacramento City Council
- Original file
- 778 KB
Text extracted from the city's file for reading and search. Open the original on sacramento.granicus.com. That file is the official record.