Wednesday, July 01, 2009

$55.8M in Prop. 1C funds

Capitol Lofts at 11th and R looking to the southeast

This week the state Department of Housing and Community Development approved four Sacramento projects for $55.8 million in Proposition 1C funds. The four projects awarded funding are The Railyards, Township 9, Curtis Park Village and Capitol Lofts which are all infill infrastructure and transit-oriented development housing projects.

The Capitol Lofts have been a project in the works for around 6 or 7 years, so I really hope this funding jump starts the project. I'm also not sure about Curtis Park Village, this projects been stalled for over a year because Superfund clean-up costs exceeded the $4 million grated to the project in 2008 from Proposition 1C grants.

This year $197 million was available statewide through the Prop. C1 program, these grants will help cover the cost of new infrastructure.

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