Sakura

Sakura is a mixed-use, transit-oriented affordable housing development in Sacramento’s Richmond Grove neighborhood on the southwest corner of 16^th and T. It will be a five-story, U-shaped building with 2,499 square feet of ground floor commercial space and 134 units affordable to households between 30% and 60% area median income.

The project was awarded funds by the state’s highly competitive Affordable Housing and Sustainable Communities (AHSC) Program, which finances projects that advance smart growth principles and reduce greenhouse gas emissions. In addition to providing the lion’s share of Sakura’s development costs in the form of a long-term loan, AHSC provides the project with a transportation grant to fund nearby transit improvements. As a result, existing and future residents of Richmond Grove will enjoy improvements to the Broadway light rail station, five bus stops, and bike lanes in both directions along S Street. Moreover, this project will direct AHSC dollars to the CLTRE Keeper Program to prevent neighborhood displacement.

As the Capitol Area Community Development Corporation’s (CACDC, CADA’s nonprofit arm) first project as Managing General Partner, Sakura will deepen the organization’s affordable housing development experience and better positioning it to continue this work in the future. This is CACDC’s second development partnership with Mutual Housing California, the other being Monarch on 805 R Street.

Location: Southwest corner of 16th Street and T Street

Unit Mix:

Retail Space: 2,499 square feet

Site Amenities: free project-wide Wi-Fi, BBQ area with shaded tables, dog park, storage for 70 bikes, community kitchen, multipurpose room, laundry rooms on all five floors

Developer: CACDC & Mutual Housing California

Architect: Kuchman Architects PC

Sustainability: 100% electric

Estimated Total Development Costs: $56 million

Projected Constructed Period: June 2025 – Summer 2027

Monarch

Monarch is a mixed-use affordable housing development for Sacramento’s artist community. The five-story building will be composed of 241 affordable housing units and 3,428 square feet of ground floor commercial space. Thirty units will be reserved for households exiting homelessness or at risk of experiencing homelessness.

Located on Sacramento’s dynamic R Street Corridor, the project maintains the historic industrial style that characterizes R Street and will provide access to myriad options for dining, shopping, and entertainment as soon as residents step outside the door. Just a few blocks from the Capitol Area Community Development Corporation’s (CACDC, CADA’s nonprofit arm) and CFY’s Warehouse Artist Lofts (WAL), Monarch represents a continuation of CADA’s effort to bring creative minds to the already vibrant area and encourage artistic collaboration.

This is CACDC’s second project under Executive Order N-06-19, which prioritizes affordable housing development on excess state-owned land, replacing a Department of General Services warehouse. Monarch is a collaboration between CACDC and Mutual Housing California, which will manage the property upon completion.

Location: North side of R Street, between 8th and 9th Streets

Unit Mix:

Retail Space: 3,428 square feet ground floor

Site Amenities: exercise studio, event courtyard, small corner plaza, patio decks for the street level live/work units, private resident courtyard, resident multi-purpose room, laundry rooms on each floor

Developer: Mutual Housing California & CACDC

Architect: Kuchman Architects PC

General Contractor: Sunseri Construction, Inc.

Sustainability: 100% electric

Estimated Total Development Costs: $110 million

Projected Construction Period: March 2024 – Spring 2027