One of the largest planned apartment complexes in Sacramento’s central city broke ground on Wednesday.
Called Sacramento Commons, its downtown footprint is just a few blocks from the state Capitol, near N and Fifth streets, and is planned to include two mid-rise buildings that are projected to house 436 apartment units. The next largest complex on the Midtown-downtown grid has only 277 units.
Councilmember Steve Hansen represents this district and called the project another sign that people want to live in the central city, and that developers are ready to build there.
“I do think though, as the economy becomes harder and harder to see housing built, that new housing like this makes even a bigger difference, to meet the supply demand, but also to ensure that we continue to meet the growing needs of our city,” he said.
Construction on the buildings is expected to last nearly three years.
The Sacramento Bee is reporting that rents at the project will be some of the higher prices in the city. But Hansen says the new housing is much-needed and takes pressure off of older housing stock.
“And that older housing stock is the more affordable housing stock. And so when we add these units, people who can afford these new units can go for them. And we’ve been working at all levels of affordability. But we’ve recently done several very significant things,” he said.
Hansen mentioned he and his colleagues adopted a 100 million dollar housing bond to help pay for more affordable housing in the city.
The city also passed an ordinance earlier this month that put a cap on rent increases and made it more difficult to unfairly evict tenants.
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