Canopy Housing Formation
At a glance
- What: Authorization for SHRA to form Canopy Housing, a new nonprofit instrumentality of the Housing Authority of the City of Sacramento. Because of Assembly Bill 1528 (2023), its property is exempt from ad valorem property taxes, including units not restricted to lower incomes, so the City can reinvest the foregone taxes in more housing.
- Where it stands: Approved unanimously on October 13, 2026 (item 27), Councilmember Maple absent.
- Governance: the City Council would serve as Canopy Housing's board and SHRA executive staff as its officers; significant actions return to council.
- What's next: its first use is acquiring an existing property in District 4 for 306 workforce housing units; see Canopy Housing Acquisition of The Broadway Bond Financing. Staff said a full underwriting would return the following month.
- Council comments: Councilmember Pluckebaum (District 4) thanked staff, called it innovative and moved approval.
Sources
Discussion time
About 6 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-13 - City Council (2) | 6 |
Log
- 2026-10-13 - City Council (2) — SHRA presented; Pluckebaum moved; approved unanimously, Maple absent.