Resources for Landlords Managing SHRA Regulated Properties
The Sacramento Housing and Redevelopment Agency (SHRA) provides financial assistance to borrowers for the new construction or rehabilitation of affordable housing. Funding programs vary in their income targeting (i.e., extremely-low, very-low, and/or low) and other requirements, including the number of affordable housing units that are financed in each project.
All owners and management agents are encouraged to sign up for and maintain current contact information on SHRA’s electronic mailing list (ListServ) in order to receive updates and announcements about program changes or amendments. Please sign up at the following link Apartment Owners and Managers Email ListServ Link
The information below contains currently adopted policies and programs governing the development and preservation of affordable multifamily housing in Sacramento:
Multifamily Compliance Manual and Reporting Requirements
Multifamily housing compliance reporting and monitoring requirements are detailed in the manual below.
Forms and Reports
Current Rent and Income Table
All SHRA financed properties require that rents be regulated and that the incomes of the residents be below specific thresholds based on funding source. Below is a link to a table which contains the current rent and income table for all SHRA properties broken out by funding source.
Income and Rent Limit Table
Utility Allowance Information
All SHRA-financed projects must include a utility allowance which is deducted from the tenant’s rent. The tenant’s housing cost calculation includes both utility allowance and rent and is restricted based on the income targeting of an individual unit (ie. 30% of area median income, 50% of area median income, etc.). Projects that did not receive HOME funds or received a commitment of HOME funds prior to August 23, 2013 have the following options for utility allowance calculations.
Utility Allowance Information for Units funded with HOME on or after August 23, 2013
Projects that received HOME funds on or after August 23, 2013 are not permitted use the Multifamily Affordable Rental Housing Programs, Housing Choice Voucher, or alternate utility allowances unless a waiver is received from HUD. In general, these newer HOME-funded projects must use one of the following methods, updated annually:
- HUD Utility Schedule Model (HUSM) allowances as determined by a qualified energy analyst (i.e., California Association of Building Energy Consultant Certified Analyst) or
- California Utility Allowance Calculator (CUAC) energy consumption model as determined by a qualified energy analyst.
Multifamily Revenue Bond Program (MRB)
General rules and guidelines for the Mutilfamily Revenue Bond (MRB) program are included in the program manual linked below.
Mulitfamily Revenue Bond (MRB) Program manual
Owners of multifamily rental property financed with Mortgage Revenue Bonds are required to maintain accurate owner, manager, and tenant data on the web-based reporting portal called the Multifamily Housing Program Property Manager Site linked below. https://compliance.shra.org/
Instructions for how to use the web-based reporting portal is available here. Multifamily Bond Program website reporting manual