Top Story
Promise Zone topic at August Think Tank Series for Members
August 22, 2015
Tyrone Roderick Williams, Director of Development at the SHRA, and who also directs the real estate development and project financing activities for SHRA, Sacramento County Housing Authority, the City of Sacramento and Sacramento County provided ULI members with an overview on the new Promise Zone designation for Sacramento.
In April, 2015, HUD announced that Sacramento had received a Promise Zone designation. This designation will create a partnership between federal, state and local agencies to give local leaders proven tools to improve the quality of life in some of Sacramento’s most vulnerable areas. Sacramento is one of only eight new Promise Zones in the country announced in this second round of designations.
Under the promise zone, SHRA will pursue five goals: job creation, increased economic activity, improved educational opportunities, improved health and wellness, and neighborhood revitalization. Other potential boosts under the designation come from including transit-oriented development in business plans, programs aimed at increasing home ownership and creating more affordable housing and pedestrian/bike access on corridors.
Please find below a fact sheet about Promise Zone, and a Promise Zone boundary map.
You can also go to the following link to receive more information about this designation: