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Published on December 07, 2024
Sacramento’s Stockton Boulevard to Welcome 196 Mixed-Income Housing Units Near UC Davis Aggie SquareSource: City of Sacramento, Government

Breaking ground on a new chapter for Stockton Boulevard, Sacramento officials and development partners have launched the Stockton Gateway project, which promises 196 mixed-income housing units near the UC Davis Aggie Square. The ceremony was marked by enthusiasm from community leaders who see the development as a significant investment in an area that has long awaited economic attention and rejuvenation. Mayor Darrell Steinberg expressed the city’s focus on inclusive economic development associating it directly with the building of affordable housing, as the Stockton Boulevard area echoes with the potential to uplift neighborhood quality of life, as reported by Sacramento City Express.

College Town International (CTI Housing), the development firm behind Gateway, has partnered with the city to fulfill the vision of a vibrant, mixed-income community, with financings such as a $15 million City loan aiding in its realization. Vice Mayor Caity Maple, representing the Oak Park neighborhood, lauded the project, affirming it embodies the collective aspirations for equity and opportunity, especially for south Sacramento, which Maple advocates for, "This project is a testament to what we can achieve when we prioritize equity and opportunity for south Sacramento," they told Sacramento City Express. Councilmember Eric Guerra acknowledged the historical neglect of investments on Stockton Boulevard and emphasized the partnership-driven progress, suggesting the area is becoming an attractive option for investors.

Due for completion in late 2026, the Stockton Gateway includes two facing projects at 3400 and 3401 Stockton Boulevard, offering a diversity of affordable housing options ranging from low-income to market-rate. The promise of this development extends beyond mere residency; it hints at sparking further private investment and enforcing the City’s broader goals in safeguarding its residents and the workforce from the risks of displacement.

The development is split into two sections – 3400 Stockton Boulevard will feature 131 housing units and 125 parking spaces targeted at renters with earnings of 80% to 120% of the area median income, including market-rate apartments whereas across the street, 3401 Stockton Boulevard is set to offer 65 units and 55 parking spaces, catering to those earning between 60% to 80% of the area median income.