This $47 million projects planned for the northwest corner of 7th & H Street has now received all needed entitlements and necessary financing to move forward with construction anticipated for March 2011. The project will be funded with $25 million in 9 percent Low Income Housing Tax Credits, $8,200,000 loan funded by Home Investment Partnership Program, a $6,859,695 capitol grant and $3,750,000 operating grant funded by Downtown Low Moderate Tax Increment Funds, and a land grant for the acquisition, construction and permanent financing of the 7th & H Project. Developer and owner Mercy Housing California is a non-profit corporation dedicated to providing quality affordable housing with

Work to renovate the historic Hotel Berry, 729 L St., will commence next month, after the City Council held its final public hearing on the issue Tuesday night. “This is a project we’ve been working on for some time,” said Christine Weichert, assistant director of Housing and Community Development. “This is the very last step in a long process.” The public hearing was required before the financing could be undertaken for the $24.5 million project. According to Weichert, Jamboree Housing of Irvine, Calif., will be working on the renovation project. The funding comes from a mixture of tax credits, federal stimulus funding and redevelopment housing agency funds. “We did take a thorough lo

A proposal is in the works to create one of the largest permanent supportive housing projects in the city. The $41 million building at Seventh and H streets also is poised to become the city's newest single-resident occupancy, or SRO, structure. The infill project would feature sustainable design and materials, so the developers and architects will ask the U.S. Green Building Council to certify it as a sustainable building. But perhaps most unique about the public-private project being developed by Mercy Housing and the Sacramento Housing and Redevelopment Agency is that it would offer support services to formerly homeless people in innovative and mixed-population permanent housing. Its