Why Rancho Cordova wants to move ahead on new 60-unit affordable housing complex
Rancho Cordova is set to get a new apartment complex for low-income families.
Related California plans to build a 60-unit apartment complex called Mills Crossing at El Caprice Drive near Paseo Drive and Folsom Boulevard — a property previously slated for a movie theater.
The Rancho Cordova City Council on Tuesday gave direction to staff to move forward with the project, using about $6 million in city funds.
Council members Linda Budge, Joe Little and David Sander said they supported the apartment complex moving forward . Council member Siri Pulipati expressed said she preferred to pause the apartment complex until the single-family part of the project moves forward. Mayor Garrett Gatewood was absent.
The city’s $6 million contribution to the four-story project includes some city-owned land, the city staff report said. The city’s proceeds includes $750,000 in funds already earmarked for permanent housing funds to craft the plan.
The complex will serve families who earn under 80% of area median income. For the current year for the Sacramento region, that means that a family of four would qualify if it has an annual income under $102,900.
The project, which is targeting about $30 million in state funding for low-income housing, is also looking for a developer to build single-family homes, the staff report said. 2026 is likely the last year the project can compete for the state’s Affordable Housing and Sustainable Communities funding before the program is restructured in 2027. If the city waits, the project may lose access to a major funding source
The complex will have 14 studios, 15 one-bedroom units and 15 two-bedroom units, 15 three-bedroom units and an on-site manager’s unit, the staff report said.
If the project receives state and federal grants, construction would start at the end of 2027, and last about two years, Stefan Heisler, the city’s housing manager, told the council Tuesday.
