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Sacramento Choice Neighborhood Partners virtually celebrate progress at Mirasol Village

August 31, 2020 | McCormack Baron Salazar

SACRAMENTO - Officials from the Sacramento Housing and Redevelopment Agency (SHRA), the City and County of Sacramento, the U.S. Department of Housing and Urban Development, and McCormack Baron Salazar (MBS) will mark several major milestones reached on Sacramento’s largest affordable housing development under construction in the River District in a virtual event on Thursday, September 3, 2020, at 10:30 a.m., live on the Agency’s Facebook page at https://bit.ly/2QtvSO8.

Mirasol Village is a new construction, mixed-income housing development in the River District bounded by Richards Boulevard, 12th Street and Dos Rio Street. The project is one of four phases of redevelopment of the former Twin Rivers public housing community which contained 218 housing units built between 1942 and 1946. Twin Rivers was one of the first developments in County Housing Authority’s public housing inventory.  The site was cut off from the surrounding area by railroad tracks, levees and rivers, with limited roads, transit or sidewalks to reach nearby neighborhoods. The infrastructure and buildings have also reached the end of their useful life.

“Mirasol Village shows what is possible when many partners bring the full weight of their resources and commitment to bear on a project that is designed to create a complete community,” said SHRA Executive Director La Shelle Dozier. “Residents have been fully engaged throughout the entire process and this project reflects their valuable input ensuring that Mirasol Village is the community they envisioned.

When complete, the Mirasol Village community will consist of approximately 427 housing units at different affordability levels (including market rate) and a minimum of 218 public housing replacement units. Amenities include secure bicycle parking, landscaped courtyards and a play area. Residents will have access to the master plan site amenities that include management offices, resident community rooms, fitness center, business center, swimming pool and barbecue area.

The project has reached several major construction milestones since the site was cleared of all trees, housing and structures after relocation of all residents last year. Since then, underground infrastructure has been installed, the site has been elevated several feet to mitigate against potential flooding, new streets have been created, stormwater diversion planters are being installed, and the first block of housing will begin to go vertical in the next several months.

In addition to receiving a $300,000 Choice Neighborhoods Planning grant from HUD in 2012 and a $30 million Choice Neighborhoods Initiative Implementation grant in 2015 to realize the vision of the Mirasol Village Transit Oriented Development and Light Rail Station Project, SHRA and MBS have secured more than $187 million in local, state and federal grants and other financing for housing construction, brownfields clean up, sustainable transit and Green infrastructure, and community amenities.

SHRA is leading the transformation effort to redevelop the former housing community and its surrounding River District neighborhood. When complete, this historically isolated area will be fully connected to new transit, employment centers, services, retail and cultural amenities creating a vibrant gateway to downtown Sacramento.

McCormack Baron Salazar, Inc. is the master developer of Mirasol Village. MBS is an experienced owner and manager of affordable rental housing projects with more than 40 years of experience in affordable housing and has developed over 23,000 homes in 23 states across the U.S., including 13 communities in California. The developer has extensive experience in financing projects with tax credits, tax exempt bonds, and other public and private funding sources.

“Mirasol Village will be more than just housing - it will be a vibrant neighborhood, with green space and gardens, a diversity of people and income levels, and amenities and support services,” said Dan Falcon, Managing Director, McCormack Baron Salazar.  “We are thrilled to help create a community that no longer is isolated from Sacramento, but is connected, with bicycle and pedestrian pathways, light rail transit and new streets and sidewalks.”

For more information about the Mirasol Village redevelopment project, go to www.shra.org and click on Community Revitalization.

Tags: California