Press

Sacramento City Council members will vote Tuesday on approving $35.4 million in funding for 820 new affordable housing units and transitional housing beds in seven projects throughout the city, building on the nearly 2,000 affordable units already in the construction pipeline or completed in recent weeks.

A vote Tuesday by the Sacramento City Council would not only move two housing projects with an affordable component to the starting line, it would also represent a shift in city policy.

A Los Angeles developer plans to build two apartment buildings on Stockton Boulevard near the new UC Davis Aggie Square development. LW Gateway has submitted plans with the city to build two buildings on long-vacant lots along Stockton Boulevard between Ninth and 10th avenues.

The project, which is being developed by College Town International (CTI), is located in the heart of downtown Springfield at 505 E. St. Louis Street, and is just four blocks from Missouri State University (MSU). In addition to serving students from MSU, the project is expected to also be an attractive off-campus housing option for students at nearby Drury University, Ozark Technical College and Evangel University.

Leveraging a part of the Republican Party’s signature 2017 tax reform that was intended to benefit wealthy capital-gains taxpayers and impoverished communities alike, a Los Angeles-based development firm plans to build a $50 million apartment complex on 1.8 acres off downtown Springfield’s St. Louis Street, along Benton Avenue.

A California-based developer is planning a $50 million housing complex in downtown Springfield, and project officials are targeting a groundbreaking next month. College Town International LLC, a Los Angeles-based development company, is building a five-story, 194-unit complex at the site of the former Arbor motel on St. Louis Street. The site, a mostly vacant lot for over a decade, is adjacent to The Old Glass Place and across the street from the Discovery Center of Springfield Inc.