Solano awarded $1.4 million for Dixon housing

Solano awarded $1.4 million for Dixon housing
http://www.thereporter.com/news/ci_14300791

Of the 34 California counties receiving stimulus money to build affordable housing and create jobs, Solano County was among 11 with only one such project. State Treasurer Bill Lockyer this week announced the final distribution of more than $800 million of federal stimulus money for low-income family housing projects statewide. Solano County's $1.4 million portion went toward the construction of Dixon's Moonlight Apartments. This complex will contain 56 units, 55 of them low income…. All told, 25 Bay Area projects got nearly $190 million in funding. Besides Solano's portion, $47.6 million went to Alameda, $7.2 million to Contra Costa and $47 million to Sonoma. Marin got $450,000, San Francisco got $64.4 million and $21.8 million went to Santa Clara. In the Bay Area, Marin was the only other county with just one project. Others with only one project were Stanislaus, Siskiyou, Kings, Imperial, Glenn, El Dorado, Calaveras, Butte and Yuba counties…. more than $800 million was distributed under the federal stimulus program, helping build more than 9,600 housing units…. The cash awards were approved in exchange for previously awarded and unused tax-credits, the announcement notes. Tax-credits can be used for construction or rehabilitation of low-income housing, and developers sell the credits to attract investment capital to help finance their projects….