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�ٺ���Ƶ and the city of Sacramento are working to ensure people who live along Sacramento’s Stockton Boulevard corridor are not pushed out of their homes when Aggie Square opens.

A series of programs funded by �ٺ���Ƶ and the city — totaling the first $2 million of $10 million set aside for anti-displacement investments in communities adjacent to Aggie Square — were approved this week by the Sacramento City Council. They include funding to repair homes; money to help residents with one-time financial assistance for rent, utilities and other needs; and funds to assist first-time home buyers in the zip codes surrounding Aggie Square. The programs are part of the broader Aggie Square.

“I hope this package of programs becomes a national model for how big economic development projects can bring real opportunities and investment to communities and residents without displacing them,” said Mayor Darrell Steinberg.

The programs approved this week will fund four community organizations:

• Habitat for Humanity of Greater Sacramento Home Preservation and Electrification Program – ($560,000) – Habitat will be working with residents in owner-occupied properties to address critical health and safety repairs to improve livability, accessibility, and to reduce the threat of displacement. Habitat will also continue to expand its partnership with the Sacramento Municipal Utility District, or SMUD, to provide energy efficiency repairs and electrification upgrades for qualified homeowners, including two full-home gas to electric conversions. The program anticipates serving as many as 50 households.
• The Salvation Army Homeless Prevention Program ($500,000) – This program will provide one-time assistance with expenses related to an unexpected life occurrence (e.g. medical expenses, car repair, etc.) or rent, mortgage or utility assistance. This program estimates serving 50-90 households, depending upon level of need and will also refer the people it helps to the city of Sacramento’s Financial Empowerment Center.
• Step Up Homeless Prevention, Housing Coordination, Stability and Retention Program ($530,000) – This program will help cover one-time costs associated with getting into housing as well as assist with finding available housing. This program estimates serving approximately 100 people.
• Unseen Heroes/CLTRE First-time Homebuyer Loan Program ($500,000) – With this 18-month contract, Unseen Heroes will work with a pool of 50 or more households to improve their credit and budgeting skills in preparation for homeownership, including partnering in providing financial literacy classes, homebuyer education, and/or other Financial Empowerment Center referrals. At least 25 households will work towards identifying the path to homeownership and will obtain down payment assistance, closing costs and/or secondary loan gap funding from the program to further opportunities for increased housing stability and inter-generational wealth-building. This program will assist approximately 50 households with financial literacy, budgeting and credit repair, with 25 of those households following a pathway to homeownership.

The displacement fund is one piece of the Community Benefits Partnership Agreement, which also included pledges for local hiring and a commitment by the city to invest in affordable housing along the Stockton Boulevard corridor.

The Community Benefits Partnership Agreement was negotiated by Steinberg, Vice Mayor Eric Guerra and former councilmember Jay Schenirer with the advocacy group Sacramento Investment Without Displacement and the American Federation of State, County and Municipal Employees 3299, which represents employees at �ٺ���Ƶ.