The City Council unanimously agreed Tuesday to take over responsibilities for the non-housing functions of the city’s former redevelopment agency – but chose not to take over its housing assets and project management functions.

The city – as “successor agency” to the now-defunct Sacramento Housing and Redevelopment Agency – will be responsible for winding down more than $787 million of outstanding obligations over the remaining life of prior redevelopment projects, which varies by project from a few years to nearly three decades.

The city Housing Authority will take over the housing assets and functions – including $81.7 million in assets and managing $80.6 million in outstanding loans receivable.

The Sacramento Housing and Redevelopment Agency will provide administrative and staffing services for projects currently managed by SHRA during a transition period that extends to June 30.

“This is very complicated, and it’s not going to be an easy process,” SHRA Executive Director La Shelle Dozier, told council members Tuesday.

Melissa Corker is a staff reporter for The Sacramento Press. Follow her on Twitter @MelissaCorker.