Attorney General Kamala Harris had rejected an earlier deal that she said gave inadequate relief to homeowners.
Construction worker Bill Gates frames roofs at an apartment complex for low-income seniors in Elk Grove. Affordable housing advocates say the demise of California's redevelopment agencies will pose challenges for future projects providing low-cost homes, but the problems are not insurmountable.
Redevelopment money for affordable housing projects – such as this 69-unit complex for seniors under construction in Elk Grove – has been the second-largest funding source in California.
Chris Goodwin works on an Elk Grove apartment complex for low-income seniors. Redevelopment agencies once provided key funding for such projects, but are being phased out to help balance the state's budget.
The new arch over R Street, near the Fox & Goose Public House, is part of the city’s effort to turn the area around R Street into a lively ‘culture corridor.’ A developer says he wants to further those plans by rehabilitating the historic six-story warehouse at 11th and R streets into a complex where artists can live, work and sell their wares.
Past efforts to convert a vacant warehouse at R and 11th streets into housing have come to naught. But a developer now wants to turn the building that once housed Ford Model T's into an artists' haven and hangout.
Lezlie Sterling lsterling@sacbee.com As many as 120 apartment units and 25,000 square feet of retail space are proposed as part of the conversion of this old warehouse at R and 11th streets. The proposal is due for review by a city agency in March.
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Kali Cuffee and children, from bottom, Cyrus, 3, Grace, 7, Faith, 10, and De'Maurier, 18, sit outside their south Sacramento apartment. The family used to live in a nearby four-bedroom home Cuffee bought in 2003. But the recession hit both her hairstyling business and the home's value. And the bank took it back. "I have faith that one day I'll be able to put my children back in a home again," she said.
Tasha McLaughlin, left, who runs a small business that organizes lacrosse tournaments and clinics, is flanked by daughter Quinn as son Ryan, foreground, and husband Steve McLaughlin play in the front yard of the South Natomas home the family is unable to sell.
Tasha and Steve McLaughlin bought their two-bedroom South Natomas house long before Quinn, 3, left, and Ryan, 4, center, arrived. But with the home's value down sharply, they can't sell for anything close to the price they paid for it, and feel stuck.
House bidders including Gary Khera, at right with no hat, crowd around a laptop during an auction on the steps of the Sacramento County Courthouse on Friday. Investors try to find a property worth at least 20 percent more than its final auction price.
Surrounded by bidders, an auctioneer who declined to identify himself conducts foreclosure house auctions Friday froma laptop on the steps of the Sacramento County Courthouse. There's a foreclosure auction every weekday morning at 9:30 sharp at the main entrance to the courthouse.
Brian Hood wears an earbud attached to a cellphone to speak with his partners during a foreclosure auction Friday. Many investors cover their mouths with paper to hide their lips as they talk.
California Department of Real Estate License Number: 01190713
