Federal stimulus funding is bringing $10 million to restore an empty residential high-rise at 7th and I streets in downtown Sacramento.
“We were high-fiving each other. It’s not every day you get $10 million in a competitive grant project,” said Nick Chhotu, director of public housing at the Sacramento Housing and Redevelopment Agency. The money is headed toward a thorough facelift for the 12-story Riverview Apartments owned by SHRA. It’s a senior complex built in the late 1970s at 626 I St. The building has been empty two years.
Plans are to start construction late next year after getting up to $6 million more in federal funds. The building, with 108 rooms for people 62 and older, needs new windows, a new electrical system and new plumbing, a job that will run well into 2011, said Chhotu.
The Public Housing Capital funds are provided through the American Recovery and Reinvestment Act of 2009. The agency said Sacramento’s $10 million is among the largest grants nationally, and one of two on the West Coast. The other: Seattle.
Here is the building everyone is talking about:
Tags: Downtown Sacramento, foreclosure, Foreclosures, home builders, home prices, housing affordability, housing crisis, interest rates, Jim Wasserman, Sacramento, sacramento bee, Sacramento county, Smith Premier Properties, Tyler Smith, Tyler Smith Realtor
I wonder who’ll move in when they find out the jail is right across the street.
Thanks for the comment, I agree, I don’t know who would move in!!! That is why it is towards older folks but still not appealing.