Tuesday, December 07, 2010
Township 9 granted $1.3 million
One of the few large infill projects still moving forward in the Sacramento area got another financial boost by the state yesterday; this time from the State's Housing and Community Development's Catalyst Projects for California Sustainable Strategies Pilot Program in the amount of $1.3 million. With the combination of several other grants received thus far, the project has lined up $52 million in total grants with $30 million from Proposition 1C and $20 million in infrastructure grant funds.
Township 9 is a 65acre planned mixed use community located in the City's River District and adjoining the southern boundary of the American River. The Light Rail Green Line Station is currently under construction and will begin operations in early 2011. The first major building to begin construction at Township Nine will include 180 apartment units and ground floor retail with the rest of the project constructed incrementally over the next ten years. Township Nine is also expected to achieve Gold status for The U.S. Green Building Council’s LEED™ for Neighborhood Development program. The total projected cost to built out this project estimated at $1.7 billion.