Sacramento, California
Project Narrative:
- Located in the new growth area of North Natomas.
- Layout of the parcel was originally designated as part of North Natomas Community Plan and incorporates multiple land uses. What's the size of the total site?
- The land was developed by Alleghany Properties, Inc. and the residential portions were sold off to Ryland Homes, Beck Homes, and other developers. How many different subdivisions?
- Alleghany negotiated with the developers as to who would do inclusionary units or was the assumption that the bulk of them would be on the multi-family sites?
- The number of units proposed for the site would have resulted in 174 affordable units. However, due to the funding sources used, the project ended up with a total of 224 affordable units.
- Inclusionary plan adopted March 2002 and inclusionary agreement recorded in December 2002. Construction started in May 2003.
Developer:
| Land | Market-Rate Units | Affordable Units |
| Alleghany Properties, Inc | Ryland Homes - Las Casitas (single-family) Beck Homes - Parkview (single-family) Pacific West Companies - Atrium Court (multi-family) - The Lofts (multi-family) Others |
Ryland Homes - Las Casitas (single-family) Beck Homes - Parkview (single-family) Pacific West Companies - Atrium Court (multi-family) - The Lofts (multi-family) |
Architect:
| Market-Rate Units | Affordable Units |
Project size:
| Total Units | Market-Rate Units | Affordable Units |
| 1,120 | 896 | 224 (174 were actually required) |
Project type:
| Total Units | Market-Rate Units | Affordable Units |
| 708 single-family 412 multi-family |
701 single-family 195* multi-family |
7 single-family 217 multi-family |
Affordability mix:
| Low-Income (80% AMI) | Very Low-Income (50% AMI) |
| 111 units - 7 single-family (80% AMI) - 104 multi-family (60% AMI) |
113 units - all multi-family |
Inclusionary unit location:
| On Site | Off Site |
| All units built on the overall development site, although not dispersed throughout all subdivisions | No off-site units |
Inclusionary unit profile:
Las Casitas Subdivision
| # of units | Bedrooms | Square footage | Sales price (2004) |
| 5 | 3/2 | 1,302 | $168,133 |
Las Casitas - West of Duckhorn Drive, between San Juan and Myotis
Parkview Subdivision
| # of units | Bedrooms | Square footage | Sales price (2004) |
| 2 | 4 | $154,099 |
Parkview
The Lofts (188 units - 150 market rate, 38 affordable)
| # of units | Bedrooms | Square footage | Rent (2004) |
| 28 | 1/1 | 765 - 1,013 | $491 (50% AMI) (market $950 - $1,275) |
| 10 | 2/2 | 1,073 - 1,360 | $590 (50% AMI) (market $1,275-$1,675) |
The Lofts - 3351 Duckhorn Drive
Atrium Court (224 units - 45 market rate*, 179 affordable)
* the market-rate units may also be rented at affordable levels
| # of units | Bedrooms | Square footage | Rent (2004) |
| 95 | 2/2 | 919 | $592 - $721 (50% AMI - 60% AMI) (market $1,032) |
| 84 | 3/2 | 1,078 - 1,360 | $673 - $822 (50% AMI - 60% AMI) (market $1,192) |
Atrium Court - 3801 Duckhorn Drive
Public Funding Sources (inclusionary units)
| Atrium Court | ||
| $17 million - mortgage revenue bond | ||
| $4.8 million - low income housing tax credit | ||
| $1.4 million - deferred developer fees | ||
| $1.8 million - HOME and housing trust fund loan | ||
| The Lofts | ||
| $21 million - mortgage revenue bond | ||
| $1.1 million - low income housing tax credit | ||
| $1.2 million - deferred developer fees | ||
Incentives Received for Inclusionary Units
The multi-family inclusionary units received fee reductions ($4,000 per very low-income unit and $1,000 per low-income unit).