Downtown Building Offers Affordable Housing – with a Catch

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SACRAMENTO-

Does a studio loft apartment for $360 a month in Sacramento's Downtown Historic District sound too good to be true? If you're wondering what the catch is, that depends, are you an artist?

If so, you are eligible to rent one of 86 units at the Artist Warehouse Lofts on 11th and R streets for a seriously discounted price.

Nearly 1,400 people have already expressed interest in. Many of them, camped out late Tuesday and early Wednesday to submit their housing application.

Spearheaded by the the Capitol Area Development Authority (CADA), the $40 million project includes two buildings; one new and one 1900's warehouse converted complex. Both include studio, one, two and three bedrooms.

"Priority will go to artists. Applicants will have to fill out a questionnaire
and may have to provide samples of their work" Todd Leon, Manager of CADA told FOX40 Wednesday.

Leon says an artist doesn't necessarily have to be a painter. Eligible applicants can include chefs, dancers, photographers, writers, and other artist minds alike.

"A project like this is really going to bring together a very diverse cross section of artists. It's going to strengthen the community" said Wes Davis, applicant and owner of Beatnik records in Sacramento.

Of course, anyone can apply. But preferences will go to artists first, according to Leon. Selected applicants for the lofts will make 60% less than the median income.

For example, a single person would have to make less than $29,000
a year to qualify. The project is funded in part by CADA, and various other state agencies.

Move in date is scheduled for December, and availability is based on a first come, first serve basis, Leon says.

For more information, click here: http://www.rstreetwal.com/