More affordable housing is planned for East Sacramento.Carlos Veliz with Anchor Real Estate Investment confirmed to KCRA 3 that a new building featuring 33 units across six floors is planned for what is now a parking lot at 3000 T Street. The new building near 30th Street and the Capitol City Freeway will be aimed at those who make 80% of the area median income. According to plans filed with the city, the project calls for a mix of studio, one-bedroom and two-bedroom units with living space for a manager on the ground level. Ten of the units on the north and southwest corners would have private outside patio spaces. The proposed building would have a shared rooftop space. Veliz said that taking on affordable housing represented a shift from his original plans for the lot. Besides the parking lot, the site also includes an office building that Veliz plans to convert into a 10-unit market-rate housing project. “I decided to keep six parking spaces in the back of the existing building and split the lot,” he said. “The front parking area will now be the site for a new 33-unit affordable housing project. 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.”By including affordable housing in the project, Veliz is banking on a density bonus that allows for building more housing units than what would normally be permitted by local zoning. Veliz said a city planner was helping him “learn the ropes of affordable housing.” He’s also working with an architect from CRKW Studio. The new building will be called Charlie. Veliz said his son came up with the name to honor the family’s longtime dog, who died a couple of years ago. He aims to break ground in summer 2026.City spokesperson Jennifer Singer confirmed the application was just filed with the city and shared more information about density bonuses. “California law requires cities to grant developers a density bonus and other incentives or concessions for projects that include a certain percentage of affordable housing units,” she said. “This can include projects with a specific percentage of units for very low, lower, or moderate-income residents, or senior housing developments.”See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel
SACRAMENTO, Calif. —
More affordable housing is planned for East Sacramento.
Carlos Veliz with Anchor Real Estate Investment confirmed to KCRA 3 that a new building featuring 33 units across six floors is planned for what is now a parking lot at 3000 T Street.
The new building near 30th Street and the Capitol City Freeway will be aimed at those who make 80% of the area median income.
According to plans filed with the city, the project calls for a mix of studio, one-bedroom and two-bedroom units with living space for a manager on the ground level. Ten of the units on the north and southwest corners would have private outside patio spaces. The proposed building would have a shared rooftop space.
Veliz said that taking on affordable housing represented a shift from his original plans for the lot. Besides the parking lot, the site also includes an office building that Veliz plans to convert into a 10-unit market-rate housing project.
“I decided to keep six parking spaces in the back of the existing building and split the lot,” he said. “The front parking area will now be the site for a new 33-unit affordable housing project. 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.”
By including affordable housing in the project, Veliz is banking on a density bonus that allows for building more housing units than what would normally be permitted by local zoning.
Veliz said a city planner was helping him “learn the ropes of affordable housing.” He’s also working with an architect from CRKW Studio.
The new building will be called Charlie. Veliz said his son came up with the name to honor the family’s longtime dog, who died a couple of years ago.
He aims to break ground in summer 2026.
City spokesperson Jennifer Singer confirmed the application was just filed with the city and shared more information about density bonuses.
“California law requires cities to grant developers a density bonus and other incentives or concessions for projects that include a certain percentage of affordable housing units,” she said. “This can include projects with a specific percentage of units for very low, lower, or moderate-income residents, or senior housing developments.”
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter | Find us on YouTube here and subscribe to our channel