Plans for the site also include community gathering areas, laundry facilities, a community garden, storage and office space for property management and supportive services.
Residents will enter into leases and pay no more than 30% of their income toward rent. The development will remain affordable for 55 years under Homekey+ requirements.
Urban Capital LLC will purchase the property and develop the project. A property management company will oversee leasing, maintenance and daily operations, while five full-time case managers will provide on-site supportive services to residents.
“We’re excited to partner with the City of Sacramento to deliver 100 capitally efficient, dignified homes for seniors and veterans through the Rio Linda project,” said John Vigonocchi of Urban Capital LLC. “This Homekey+ award demonstrates what’s possible when local leaders and the state align around scalable solutions. Thank you to HCD, Mayor McCarty, Councilmember Dickinson, Ya-yin Isle, Brian Pedro and the City team for their unwavering support and shared vision.”
Homekey+ is administered by HCD in collaboration with the California Department of Veterans Affairs. The program uses funding approved by California voters through Proposition 1 to create permanent supportive housing for veterans and people with behavioral health needs who are experiencing or at risk of homelessness.
The City’s Homekey+ award is expected to go to the Sacramento City Council for formal acceptance at a future meeting.
Construction on the project is expected to begin in February 2027.