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Phoenix Park Revitalization Project

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FACT SHEET

Phoenix Park
(Formerly known as Franklin Villa)

Shining Star Drive and Franklin Boulevard, South Sacramento

Project Description

$84 million housing rehabilitation project Acquire and rehabilitate 116 privately owned fourplex buildings containing 464 two-bedroom units Reconstruct and reconfigure into 1-, 2-, 3-, and 4-bedroom rental apartments for low income families and seniors Enhance safety and security by creating open space, converting alleyways into private backyards and secured maintenance access Construct a resident community center with meeting rooms and learning space, a swimming pool, age-appropriate play areas, laundry rooms and Head Start program

Project Funding

$25.8 million in federal low income housing tax credits from Tax Credit Allocation Committee (TCAC)

$4.7 million in state low income housing tax credits from TCAC

$9.1 million in deferred payment loan from Housing and Emergency Shelter Trust Fund Bond Act of 2003

$2.5 million in HELP program funds from California Housing Finance Agency (CalHFA)

$24.2 million commitment from City of Sacramento from HOME, CDBG, local Housing Trust Funds and redevelopment tax increment and loan repayments

$1 million in Affordable Housing Program funds

Past History

Housing community built in late 1960's as privately owned condominiums for seniors Originally comprised 700 fourplex units and 243 townhouse units in five separate subdivisions each governed by its own homeowners association (HOA) By mid-1970's many units had changed ownership; most landlords are absentee During 1980's housing falls into severe disrepair and deterioration; community is plagued by violent crime, poverty, high unemployment exacerbated by ineffective property management In early 1990's gang violence and drug activity reaches alarming proportions

Recent History

Since 1994, more than a dozen social services and local agencies have been providing and enhancing resident services and programs including:

• Employment training

• Job skills and parenting classes

• Child care

• Adult education

• Shuttle bus transportation

• In 1998 Sacramento City Council adopts Franklin Villa Revitalization Plan to create a safe, stable, livable community and establishing a goal to rejuvenate the community by:

1. Encouraging homeownership

2. Creating open space

3. Improving security. 

• March 1999, partnered with HUD to allow the Housing Authority to purchase boarded and vacant FHA-foreclosed units

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Current History
	October 2001, Council adopts Franklin Villa Implementation Strategy to reverse the social and physical deterioration of the community by: Consolidating property ownership and management control Developing and implementing a safety and security plan Enhancing and coordinating social services needs of families and children
January 2003, Franklin Villa renamed Phoenix Park Professional property management company operating onsite March 2004 groundbreaking celebration; pre-construction work begins March 2006 Ribbon Cutting celebration planned for the Resident Activity Center

Architect
VBN Architects, Oakland

General Contractor
Brown Construction Company, Sacramento

Construction Manager
Parsons Brinckerhoff, Sacramento

Agency Contacts
La Shelle Dozier, Interim Executive Director, 916.440.1319
Angela Jones, Public Information Officer, 916.440.1355

 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.  SHRA oversees residential and commercial revitalization activities in 14 redevelopment areas throughout the city and county, and is the region's leading public developer of affordable housing.  The Agency provides a variety of programs for first-time homebuyers and offers several loan programs and other assistance to the business community.  SHRA has a FY 2006 budget of $227 million and approximately 308 employees who work in the Agency's Housing Authority, City and County Community Development, Program Operations, Development Services and Administration Departments.  SHRA owns 3,400 units of public housing and is one of the largest landlords in Sacramento.  SHRA also administers about 10,500 rental assistance vouchers per month.