Multifamily Housing Developer Assistance - Larger Projects

As the housing authority and redevelopment agency for the City and County of Sacramento, SHRA utilizes funding derived from several federal and local sources. These funds are used to make direct loans as gap financing to supplement private equity and debt for multi-family housing developments.

The goal of this program is to

• Facilitate community and neighborhood revitalization through investment in deteriorated multi-family properties;

• Encourage economic integration within neighborhoods;

• Increase and preserve the supply of affordable rental housing;

• Maintain a quality living environment for residents of assisted projects and surrounding properties; and

• Optimize the effectiveness of Agency funding by maximizing the leveraging of private sector funds.

In exchange for a low interest rate loan, the developer agrees to restricted rents on a certain number of units for a set period of time. The Multi-Family Housing Lending Program Direct Loan Program is a gap financing program. This program can be used in conjunction with the MRB program

The Multi-Family Housing Direct Loan Program Guidelines can be downloaded in a PDF format.

A download of the Loan Application is available in PDF format.