The Sacramento Housing and Redevelopment Agency (SHRA) envisions a community where all neighborhoods are excellent places to live, work and do business and all people have access to decent, safe affordable housing.
Created under a Joint Powers Agency agreement on April 20, 1982 by the Sacramento City Council and Sacramento County Board of Supervisors, SHRA brings together financial resources and staff expertise to revitalize lower income communities, create affordable housing opportunities, and serve our public housing residents.
Snapshot About SHRA
SHRA (www.shra.org) is a Joint Powers Authority created by the City and County of Sacramento to represent both jurisdictions for affordable housing and community redevelopment needs. The Agency has a FY 2017 budget of $190.5 million and 230 employees and operates on a calendar fiscal year from January 1 to December 31. SHRA is one of the largest rental housing landlords in Sacramento County, the 5th largest housing authority in the state of California, and 20th in the nation among 3,400 housing authorities. The Agency owns and/or manages over 3,200 units of affordable housing and administers approximately 12,900 rental assistance vouchers per month. As the largest public funder and provider of affordable housing in Sacramento, SHRA manages a $329 million affordable housing portfolio. In 2016, the Agency provided $38.3 million in gap financing, including bonds and loans to help build or improve multifamily communities for low income residents, to help families purchase an affordable home, and to rehabilitate or build affordable single/multifamily housing. Over the past 20 years, SHRA has assisted in the production of more than 22,000 units of affordable housing through the application of various financing tools.
SHRA has implemented many community improvements over the years through collaboration with residents to plan and invest in a variety of neighborhood projects: streetscape, lighting, and other public infrastructure improvements, parks and community centers, mixed use and transit oriented developments and commercial facades. By strategically investing public resources, these improvements have stimulated additional private investment in jobs and housing in our lower income neighborhoods.
SHRA uses a variety of financing tools to expand housing opportunities: rehabilitating and preserving older properties, constructing new rental and ownership housing, and boosting homeownership through mortgage assistance.
We work proactively as well, creating permanent supportive housing with social service partners for the hardest to house and finding solutions for problem properties and neighborhoods. To ensure neighborhood sustainability, we monitor all of our housing investments over the long term.
Our commitment to provide affordable housing opportunities is greatly impacted by diminishing resources. We continually work with our State legislators, housing advocates, and stakeholders to identify, create, and support funding sources and alternative opportunities to preserve and develop affordable housing in Sacramento.
As one of the largest landlords in Sacramento, SHRA provides safe and decent housing for 50,000 residents. We house and provide services to extremely low income families in our 2,700 public housing units. We also administer rental assistance in private housing through 12,600 vouchers funded by the U.S. Department of Housing and Urban Development (HUD).
In addition to our core activities, SHRA administers a number of programs on behalf of the City and County, including the Community Development Block Grant (CDBG) and HOME programs, low Income Housing Trust Funds, City Mixed Income and County Affordable Housing programs, various first-time homebuyer programs, and enterprise zones established by the State of California.
For over 40 years, SHRA has helped to improve Sacramento’s neighborhoods in both big and small ways.