Six-story affordable housing project planned near midtown, East Sacramento
A developer is planning to build a six-story affordable housing building at a vacant lot two blocks from East Sacramento.
The 33-unit development is proposed near the corner of T and 30th streets, in the the Alhambra Triangle, nestled between East Sacramento, midtown and Oak Park.
The units will be available to people earning up to 80% of area median income, said Carlos Veliz of Prime Property Management Corporate Inc.
That means an individual who has up to an annual salary of $72,050 will be eligible to apply, according to the current federal income requirements for the Sacramento area. The salary scale increases for each additional household member.
The income requirements include the so-called “missing middle” of lower wage workers who don’t qualify for homeless housing, but also can’t afford market rate.
Veliz said that monthly rent is expected to range from $1,700 to $1,800 for a one-bedroom unit, and $2,000 to $2,100 for two bedrooms.
“I grew up knowing what it’s like to struggle with rent and uncertainty,” Veliz said in an email. “That experience drives me to build affordable housing, because I want the next generation of Sacramento residents to have a shot at living close to work, school, and community — without being priced out.”
When Veliz bought the lot, he was planning to build a 10-unit project with a parking lot, he said.
“Turning the parking lot into homes is a great opportunity to create value and provide essential housing for hard-working individuals who want to enjoy everything midtown and East Sacramento have to offer, including local bars and restaurants,” he said.
Amid the housing crisis, the city of Sacramento, like many cities in California, is falling behind its goals for housing production. To keep up with its goal of building 45,580 new housing units by 2029, the city would have had to issue 5,698 new housing permits last year, according to a report the city released earlier this year. It issued 2,387.
Veliz is working closely with the city and the Sacramento Housing and Redevelopment Agency to apply for grants to fund the project, he said.
The project is set to break ground in summer 2026, Veliz said.
It will not require City Council or Planning and Design Commission approval, but will require city staff approval, said Jennifer Singer, a city spokesperson.
This story was originally published October 13, 2025 at 2:01 PM.
