(FOX40.COM) — The Elk Grove City Council has unanimously approved a $3.5 million loan to support phase one of a new 240-unit affordable housing project. The project will allot a portion of the rentable units to adults with disabilities. The Sheldon Farms North Affordable Housing Project is being developed by Abode Communities, a non-profit affordable housing provider.
Sarah Bontrager, Housing and Public Service Manager for the City of Elk Grove, says, “There are a lot of folks in our community that struggle to afford housing.” She says that Phase 1 of Sheldon Farms North, near the corner of Bruceville and Sheldon roads, will cost about $1.3 million on just the land. Due to the size of the project, they will need to break it up into phases to get it financed.
Affordable housing has proven to be in extremely high demand in Elk Grove, with a massive response from the community toward two previous affordable housing projects, The Lyla and Mosa Apartments. Bontrager says, “The Lyla and Mosa projects, about 700 units between those two, and we received 13,000 lottery applications for those, so there’s a huge amount of demand for affordable housing in the city.”…