Rancho Cordova and Roseville Receive $1.88 Million in Prop 1C Funding
The Cities of Rancho Cordova and Roseville have been awarded a combined $1.88 million in funding from the State Department of Housing and Community Development for the Infill Infrastructure Grant Program (IIG), which is funded by Prop 1 – the Housing and Emergency Shelter Act of 2006. Rancho Cordova’s Mather Veterans Village (Phase III) will receive $624,551 and will be developed by Mercy Housing. The Village will include 50 supportive housing units for veterans. Roseville’s Main Street Plaza Apartments will receive $1,259,709 and are being developed by Meta Housing Corporation. The apartment complex will include 77 apartments, 38 of which are dedicated towards supportive housing for veterans and other individuals with special needs.
The IIG program is intended to provide financial assistance to impactful housing projects that depend on infrastructure improvements to move forward. Projects are typically higher-density affordable and mixed income developments located in infill areas. These projects are both exemplary models of SACOG Blueprint implementation at the local level.
This is the last round of funding for the IIG program from its original funding source (Proposition 1C from 2006). However, the program could include new funds and finance additional projects starting in November if voters approve the Veterans and Affordable Housing Bond Act.