Location: 1424 P Street, Sacramento
In the difficult lending environment of 2009, CADA secured financing from Farmers and Merchants bank, a local community bank, for the purchase and much-needed rehabilitation of the Fremont-Wilshire Apartments at 15th and P Streets. A program was established at this property whereby studio units are being made affordable to single persons earning between 50% and 80% of the area-wide median income whose needs have grown due to the combined effect of the recession and the increase in Central City living expenses.