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A blog about the economy and the Sacramento-area real estate market.

September 16, 2009
$10M in stimulus funds for empty downtown senior high-rise

 Federal stimulus funding is bringing $10 million to restore an empty residential high-rise at 7th and I streets in downtown Sacramento.

"We were high-fiving each other. It's not every day you get $10 million in a competitive grant project," said Nick Chhotu, director of public housing at the Sacramento Housing and Redevelopment Agency. The money is headed toward a thorough facelift for the 12-story Riverview Apartments owned by SHRA. It's a senior complex built in the late 1970s at 626 I St. The building has been empty two years.

Plans are to start construction late next year after getting up to $6 million more in federal funds. The building, with 108 rooms for people 62 and older, needs new windows, a new electrical system and new plumbing, a job that will run well into 2011, said Chhotu.

The Public Housing Capital funds are provided through the American Recovery and Reinvestment Act of 2009. The agency said Sacramento's $10 million is among the largest grants nationally, and one of two on the West Coast. The other: Seattle.

Here is the building:

 

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