Santa Rosa projects get $112 million from California affordable-housing acceleration fund

in Housing

The John Stewart Company, proposing 127 units at its long-delayed The Cannery at Railroad Square in downtown Santa Rosa, has received $56.8 million out of a California fund intended to propel affordable housing projects, while MidPen Housing Corporation’s Mahonia Glen housing project in Santa Rosa has received $55.4 million to build 100 affordable units.

The were the only two North Bay projects to get funding as part of more than $923 million in the latest awards for such projects across California.

Gov. Gavin Newsom’s office said the money for the Sonoma County project is part of a $1.75 billion investment to provide bridge funding to shovel-ready projects that were otherwise unable to begin construction because of a shortage of federal tax credits and bonds.

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