Dec 07200 Affordable Homes Coming to Sacramento at 4995 Stockton Boulevard
This fall, Mercy Housing California (MHC) and partners celebrated the groundbreaking of 4995 Stockton, a new affordable housing community in Sacramento. What was once an eight-acre vacant lot – the site of a defunct furniture store and demolished gas station and car wash – will soon become 200 new spacious, energy-efficient homes for families. Developed in partnership with the City of Sacramento and the Sacramento Housing and Redevelopment Agency, this new community is expected to welcome its first residents in 2024.
The development leveraged the City of Sacramento’s approvals streamlining process, which reduces barriers to creating more multifamily housing. Making the development process more efficient, as well as building on under-used commercial sites, are both strategies MHC and California lawmakers have identified as crucial to addressing the state’s housing shortage. 4995 Stockton is also part of a robust redevelopment plan for the neighborhood.
“As this neighborhood continues to experience growth, it’s so vital that current community members have the opportunity to enjoy it,” said MHC President Doug Shoemaker. “We’re proud to know that these 200 homes will remain affordable to low-income families for decades to come and serve as an integral part of the mixed-income community.”
Residents of the new development – located south of the UC Davis Medical Center and proposed Aggie Square and just north of Fruitridge Road – will enjoy a well-resourced neighborhood equipped with public transit, grocery stores, schools, shopping, and recreation. In addition to free, onsite resident services, 4995 Stockton will provide residents with landscaped green spaces and family-friendly play equipment.
“I’m excited for this groundbreaking and momentous occasion to change and re-envision the Stockton Blvd. corridor,” said Sacramento Mayor Pro Tem Eric Guerra. “This is a combination of multiple efforts that took place to make this project a reality, and we could not have done this without partnerships and organizations like Mercy Housing.”
4995 Stockton is designed by local firm Mogavero Architects and constructed by Next Phase Construction, Inc. The development is funded 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.
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