City approves $5 million to continue housing stability programs near Aggie Square campus
The Sacramento City Council last week approved $5 million from UC Davis to further implement housing stability programs for eligible households surrounding the UC Davis Aggie Square campus.
The new funding comes from UC Davis as part of the $50 million commitment allocated for affordable housing outlined in the Aggie Square Community Benefits Agreement involving the City, UC Davis, and Aggie Square’s developer, Wexford Technology & Science, LLC. The UC Davis funds are from private sources and are not from publicly funded sources.
The City established eligibility guidelines and program activities for the $5 million in collaboration with American Federation of State, County and Municipal Employees (AFSCME), a union representing a portion of University of California employees.
“These assistance programs show that if we work together in good faith we can make sure existing residents of our neighborhoods benefit from big economic development projects,” said Mayor Darrell Steinberg. “The dollars from our Aggie Square anti-displacement fund are creating a new group of homeowners and helping hundreds of others stay in their homes. I’m so proud of this work and grateful to UC Davis, AFSCME, and our community for their partnership.”
The funds will support housing stability activities including covering rent, utilities, home repairs and eviction prevention for eligible households.
Eligible applicants are:
Individuals with income up to 120% of the area median income, working in specified census tracts and residing in priority zip codes 95817, 95820, 95824, 95828 (surrounding Aggie Square).
Individuals residing in the specified zip codes with income up to 60% of the area median income.
Priority consideration will be given to AFSCME members who meet the above criteria. Further details on programs and application process will be released on the City’s website soon.
Stockton Boulevard Housing Stabilization
As part of the Stockton Boulevard area revitalization and the Aggie Square Community Benefits Agreement, the City of Sacramento and UC Davis have allocated over $10 million for a multi-year program of housing and financial support for residents living in the neighborhoods around the Stockton Boulevard corridor.
This new funding complements the array of programs already launched under the Stockton Boulevard Housing Stabilization program to support communities around the new Aggie Square Innovation district.
These programs are offered through Salvation Army, Step-up on Second, and Habitat for Humanity and include emergency rent assistance, home repairs and utility upgrades among other programs. Since launching last spring, these programs have served over 440 individuals.
Another City-funded program offered through CLTRE Keeper has prepared 25 low-income people from disadvantaged neighborhoods to become first-time homeowners.
Learn more on the City’s website.
