The Shasta Hotel - Sacramento, CA

DGI assisted in resyndicating, restructuring, and recapitalizing the Shasta Hotel in order to substantially rehab a historic building to provide 79 SRO units community for formerly homeless individuals

Client/Partner:  The John Stewart Company and Shasta Hotel Corporation

Total Development Costs: $25.5 million

Funding Sources: 9% Federal LIHTC, HCD Loan Portfolio Restructuring Program (LPR), Sacramento Housing and Redevelopment Agency, FHLB Affordable Housing Program (AHP)