Sakura is a mixed-use, transit-oriented affordable housing development in Sacramento’s Richmond Grove neighborhood on the southwest corner of 16th and T. It will be a five-story, U-shaped building with 2,499 square feet of ground floor commercial space and 134 units affordable to households between 30% and 60% area median income.
The project was awarded funds by the state’s highly competitive Affordable Housing and Sustainable Communities (AHSC) Program, which finances projects that advance smart growth principles and reduce greenhouse gas emissions. In addition to providing the lion’s share of Sakura’s development costs in the form of a long-term loan, AHSC provides the project with a transportation grant to fund nearby transit improvements. As a result, existing and future residents of Richmond Grove will enjoy improvements to the Broadway light rail station, five bus stops, and bike lanes in both directions along S Street. Moreover, this project will direct AHSC dollars to the CLTRE Keeper Program to prevent neighborhood displacement.
As the Capitol Area Community Development Corporation’s (CACDC, CADA’s nonprofit arm) first project as Managing General Partner, Sakura will deepen the organization’s affordable housing development experience and better positioning it to continue this work in the future. This is CACDC’s second development partnership with Mutual Housing California, the other being Monarch on 805 R Street.
Location: Southwest corner of 16th Street and T Street
Unit Mix:
Studio | 1-Bedroom | 2-Bedroom | Total Units | |
30% AMI | 19 | 15 | – | 34 |
50% AMI | 15 | 16 | – | 31 |
60% AMI | 34 | 34 | – | 68 |
Mgr unit | – | – | 1 | 1 |
TOTAL | 68 | 65 | 1 | 134 |
Retail Space: 2,499 square feet
Site Amenities: free project-wide Wi-Fi, BBQ area with shaded tables, dog park, storage for 70 bikes, community kitchen, multipurpose room, laundry rooms on all five floors
Developer: CACDC & Mutual Housing California
Architect: Kuchman Architects PC
Sustainability: 100% electric
Estimated Total Development Costs: $56 million
Projected Constructed Period: June 2025 – Summer 2027