SACRAMENTO, Calif. — Sacramento homeowners near the new Aggie Square development at the UC Davis Oak Park campus will have access to $5 million in housing stability funds after a recent city council vote.
It's part of the $50 million UC Davis officials dedicated to affordable housing as part of its Aggie Square Community Benefits Agreement with the city and Wexford Science & Technology, LLC.
Funds will support the following housing stability activities:
- Rent and utilities costs
- Home repairs and improvements
- Eviction protections
Eligible University of California union employees represented by the American Federation of State, County and Municipal Employees will receive priority for funding.
Residents who are eligible include:
- Individuals with income up to 120% of the area median income working in specific census tracts and living in the zip codes 95817, 95820, 95824 or 95828
- Individuals with income up to 60% of the area median income living in the previously mentioned zip codes
“These assistance programs show that if we work together in good faith we can make sure existing residents of our neighborhoods benefit from big economic development projects,” said Mayor Darrell Steinberg. “The dollars from our Aggie Square anti-displacement fund are creating a new group of homeowners and helping hundreds of others stay in their homes. I’m so proud of this work and grateful to UC Davis, AFSCME, and our community for their partnership.”
The new funding comes in addition to Habitat for Humanity of Greater Sacramento's Rock the Block initiative also supported by Sacramento's partnership with UC Davis.
A total of $10 million will be available for residents around the Stockton Boulevard corridor who could be affected by the Aggie Square project.
The Stockton Boulevard Housing Stabilization programs offered through Habitat for Humanity, the Salvation Army and Step-Up on Second have already helped more than 440 people, according to city officials.
