Sacramento is the latest U.S. city to spur the development of accessory dwelling units (ADUs) by releasing a collection of pre-approved designs—permit ready and cheaper to build than starting from scratch with a custom design. The city's free ADU plans now come in three versions: a studio, one-bedroom, and...
The increases were minor in many communities.
Native Hawaiians who have been priced out of Hawaii are finding more affordable places to live in cities like Las Vegas.
Affordable housing in California metro areas is a rare commodity. In 2022, the percentage of California homebuyers who could afford a median-priced, single-family home fell from 24 percent at the beginning of the year to 16 percent by the second quarter. In Sacramento, the state capital, median rent for a one bedroom rose from almost $1,300 in 2019 to $1,550 in 2022. Homelessness in the city rose 67 percent between in the same period.
Trion Properties acquires 104-unit multifamily community in Sacramento, California for $23.6 million
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, announces the acquisition of 1503 Fulton Avenue, a 104-unit multifamily community located in Sacramento, California, for $23.6 million. The property, named Courtyard at Artisan Square, was secured through a debt assumption transaction with a private seller, according to Max Sharkansky, Managing Partner of Trion Properties.
Despite dropping, occupancy remains tight in California's capital. Sacramento’s multifamily market posted a steady run in 2022, with robust investment activity and a construction pipeline above pre-pandemic levels. Yet at the start of the fourth quarter, rents declined 0.1 percent on a trailing three-month basis, while the national rate inched up 0.2 percent. Signs of a cooldown came from occupancy—the rate in stabilized properties dropped 110 basis points in the 12 months ending in September—but at 96 percent, Sacramento remains a tight rental market.
As many as 1,500 people will call the new apartments home.
WEST SACRAMENTO, Calif. — A woman in West Sacramento is on a mission to make housing more affordable for herself and pave the way for others to do the same through a "Movable Tiny Home Policy". 33-year-old West Sacramento resident Robyn Davis has lived in her tiny home on...
SACRAMENTO, Calif. (KTXL) — Sacramento released permit-ready building plans for accessory dwelling units, also known as “in-law units” and “granny flats,” as part of its effort to increase housing. The plans for the detached units all meet the city’s 2022 residential building code requirements and are for all-electric housing. -Video Above: Experts warn storm victims […]
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Housing advocate Diane Luther says Sacramento region has land on which to build — what it needs is permanent funding
Diane Luther has an extensive background in affordable housing policy and development in Sacramento and Oregon. That includes over two decades of experience in both nonprofit and government work. She was the executive director of Northwest Housing Alternatives, a nonprofit organization dedicated to developing affordable housing across Oregon. One of...
Q&A: Outgoing leader of Sacramento Housing Alliance says regional approach needed to tackle affordable housing crisis
Kendra Lewis, one of the Sacramento area’s most prominent advocates for affordable housing, is on the move. Lewis served the past two years as executive director of the nonprofit Sacramento Housing Alliance, which advocates for safe, stable and accessible affordable housing in the region. She recently accepted a position at the Sierra Health Foundation.
SACRAMENTO, Calif. — Seeing the streets of Acampo now resemble rivers is heart breaking said homeowner Elias De Santiago. He said much of his family’s home is destroyed from the water. “I’m at the point where I’m about to break down and I’m not that kind of person....
Assembly Housing Committee Chair Buffy Wicks on how the state is moving the needle on housing affordability
Assemblymember Buffy Wicks knows there is no such thing as a quick fix when it comes to California’s housing crisis. Solving a problem that goes back decades requires communication, coordination and big-time champions. This year, Assemblymember Wicks (D-Oakland), chair of the Assembly Committee on Housing and Community Development, introduced...
Sacramento housing expert Cathy Creswell pinpoints regulation, land-use reform and incentives needed to address the area’s affordability crisis
Cathy Creswell says that having a safe, affordable home is more than about housing — it’s about people’s health, economic stability and children’s education. With more than 30 years of experience in affordable housing, Creswell has worked in government and private organizations. She was a Sacramento Housing and Redevelopment Agency commissioner, an acting director at the California Department of Housing and Community Development, and is a current board member at the nonprofit organization Mutual Housing California.