The Sacramento Housing and Redevelopment Agency (SHRA) — the joint city-county agency that runs public housing, distributes rental assistance, and funds affordable-housing construction across the region — has released the draft of its Annual Comprehensive Financial Report for the year ending December 31, 2025. The Sacramento City Council reviewed the draft at its September 15 meeting.
An Annual Comprehensive Financial Report — often called an ACFR — is the detailed yearly accounting of an agency’s finances, showing how much money came in, where it was spent, and what the agency owns and owes. Think of it as the housing agency’s yearly financial checkup, similar to the statement a household might review to see whether its budget is balanced and its savings are healthy.
For most residents, this document is not a decision that changes rules or approves a new apartment building. Instead, it is a transparency tool. Because SHRA controls the bulk of federal and local money that pays for affordable housing in Sacramento — including federal rental vouchers that help thousands of low-income families pay rent, and grants that fund new affordable developments — the report is one of the clearest ways for the public to check whether that money is being handled responsibly.
Why it matters for residents and would-be buyers: SHRA is often the agency behind first-time-buyer assistance programs, down-payment help, and affordable rental units. A financially sound agency is better positioned to keep those programs running and to leverage its funds to build more homes. The report also shows whether the agency is carrying debt, sitting on reserves, or facing shortfalls — all of which can affect how much new housing gets funded in the coming years.
Because this is a draft, the numbers and language are not yet final. Draft financial reports typically go through independent review by outside auditors — accountants not employed by the agency who verify the figures are accurate — before the document is formally adopted. Releasing the draft first gives council members and the public a chance to raise questions before the final version is locked in.
Residents who want to understand where Sacramento’s housing dollars go can request or review the draft report through SHRA. The document lists the agency’s major funding sources, its spending on housing programs, and its overall financial position — useful context for anyone tracking how the region pays for affordable housing.
What’s coming up: The final, audited version of the report is expected to return for formal acceptance once the outside audit is complete. No zoning changes, project approvals, or new housing rules were on the council’s agenda this cycle, making the financial report the week’s sole housing-related item.