SACRAMENTO (SACRAMENTO COUNTY)local legislationAgenda Ready

Approval of $4.1 Million Loan for Scotty Station Apartments

Original title: Scotty Station Apartments: Approval of Construction and Permanent Loan Documents between Sacramento Housing and Redevelopment Agency and Chelsea Investment Corporation, Inc. or Related Entity, in the Amount of $4.1 Million

May 19, 2026

housing development loans city council

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The Frame

What this does

This action authorizes the release of $4.1 million in public funds to support the development of the Scotty Station Apartments project.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Chelsea Investment Corporation

The entity is the recipient of the $4.1 million loan for the apartment project.

Sacramento Housing and Redevelopment Agency

The agency is the lender providing the $4.1 million in funding.

What changed

Last recorded activity May 19, 2026.

What's next

Next step not available in the current record.

Summary

The Sacramento City Council is considering the approval of construction and documents for the Scotty Station Apartments project. The loan, totaling $4.1 million, is between the Sacramento Housing and Redevelopment Agency and Chelsea Investment Corporation or its related entity.

Key Facts

The Sacramento City Council is reviewing a $4.1 million loan agreement.
The loan is designated for the construction and permanent financing of the Scotty Station Apartments.
The agreement is between the Sacramento Housing and Redevelopment Agency and Chelsea Investment Corporation (or a related entity).
The item is classified as a 'Consent Item' for the City Council meeting.
The item was introduced on February 25, 2026.
The meeting is scheduled for 2:00 PM.

Why It Matters

This action authorizes the release of $4.1 million in public funds to support the development of the Scotty Station Apartments project.

Frequently Asked Questions

What is the purpose of the $4.1 million loan?

The loan is for the construction and permanent financing of the Scotty Station Apartments project.

Who is receiving the loan?

The loan is being provided to Chelsea Investment Corporation or a related entity.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

financial connection90% confidence

Public-Private Housing Funding

The document highlights a direct financial link between the Sacramento Housing and Redevelopment Agency and a private developer for a specific housing project.

Sacramento Housing and Redevelopment Agency Chelsea Investment Corporation