In Dixon, California, a senior housing community has been awarded the maximum $1,000,000 grant through the Affordable Housing Program (AHP) sponsored by the Federal Home Loan Bank of San Francisco.
The AHP "provides grants and subsidized loans to support affordable rental housing and home-ownership opportunities." The bank sets aside 10% of its net income to be used for development and rehabilitation throughout California, Arizona, and Nevada.
Dixon, located about 30 miles Southwest of Sacramento, was the only rural community to receive the $1,000,000 award. Heritage Commons will initially include 60 units of senior housing and is planning to double the community's size in the future.
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