1221_GSEC Digital Edition - Page 34

Community Reinvestment Coalition will fund affordable housing

GREATER SACRAMENTO ECONOMIC COUNCIL

PATHWAYS TO HOMEOWNERSHIP FOR ALL

Community Reinvestment Coalition will fund affordable housing

Interviews by Jessica Laskey
Earlier this year , the Greater Sacramento Economic Council launched the Community Reinvestment Coalition , a new initiative with the primary goal of reinvesting in low- to moderateincome communities . The CRC has already committed $ 100 million to address the affordable housing crisis in the Greater Sacramento region , which is estimated to need more than 150,000 additional housing units over the next eight years . The CRC is focused on providing resources through local community banks that will have a long-lasting impact on the region and beyond . Comstock ’ s spoke to three stakeholders about their role in the new coalition as well as the housing challenges facing the region .
USA PROPERTIES AND DOWNTOWN RAILYARD VENTURE RECENTLY BROKE GROUND ON THE A . J . AT THE RAILYARDS IN DOWNTOWN SACRAMENTO , AN “ 80-20 ” HOUSING PROJECT THAT WILL OFFER 275 MARKET-RATE UNITS AND 69 AFFORDABLE UNITS .
RENDERING BY MCCLELLAN BUSINESS PARK
34 comstocksmag . com | December 2021