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Agenda Item

22. (City Council / Housing Authority) Arden Way Phase II Tax Equity and Fiscal Responsibility Act Hearing, Approval of Tax-Exempt Bonds and Approval of Loan Commitment (Noticed on 07/11/2019) [Published for 10-Day Review 07/11/2019] File ID: 2019-00869

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    Nicole Restmeyer about 5 years ago

    This is a wonderful project and it's especially worth approval because of the deep subsidy and targeting of over half of the units in both phases to Extremely Low Income and Very Low Income community members. We have a severe lack of housing affordable to people even slightly below middle-income, but the people who are suffering the most in this housing crisis have been and will continue to the the folks in the ELI/VLI income brackets. These are residents who are paying upwards of 50, 60 70% of their monthly income just on housing costs. We need to finance and approve as many of these kinds of affordable developments as we can.

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    Lola Marie Camacho about 5 years ago

    This is not real rent control it still affects the people who work 5 jobs or more just to afford rent it I am glad you are trying to make a plan but how is this ok if you are still going to allow rent to continue to increase annually that is basically stealing from the poor and giving to the rich. Come up with a better plan No more rent increases!

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    Kevin Sabo about 5 years ago

    Sacramento is in desperate need for more affordable housing. With new residents moving in every day, particularly from the Bay Area, we have to ensure we're building enough homes. Too often, NIMBYs show up at planning commission or city council meetings and work to block any new housing for a myriad of absurd reasons. These individuals are certainly the loudest voices, but they don't reflect most Sacramentans who are struggling to find homes they can afford. In our statewide crisis, the "neighborhood character" typically means stepping over homeless individuals who are forced to sleep on our doorsteps and sidewalks because there's limited access to shelter. When I was a college student, I experienced homelessness. Thankfully, I am now sheltered and a long-time Sacramento renter. Please give someone else the opportunity to be uplifted out of homelessness by approving a project that provides a pathway for that reality to become possible. Every Sacramentan deserves a place to call home.