The City Council backed a loan deal for a new affordable apartment complex, cleared the way for the Steelridge subdivision in Suncreek, and began charting where the city's next homes will go under a long-range General Plan update.
Median sale prices climbed past $1.45 million in the three months ending April, even as homes spent nearly twice as long on the market as a year earlier.
The median price slipped nearly 5% from a year ago, yet nearly half of Orangevale homes still sold above their list price in April.
City Council signed new contracts with five hotels to shelter homeless families, authorized financing for two affordable apartment projects, and reviewed an independent audit of Sacramento's housing agency during the week of May 28.
Listings spent roughly half as long on the market in April as in March, while prices climbed and inventory tightened compared with last spring.
Sales jumped more than 22% year-over-year in the three months ending April, even as inventory expanded and homes took a day longer to find buyers.
The City Council created Community Facilities District No. 24, a special taxing zone covering the Alder Creek West development, allowing the city to sell bonds repaid by future homeowners through annual special taxes on their property bills.
Median prices slipped from a year earlier and listings took three days longer to sell, even as sales activity picked up heading into spring.
The City Council locked in financing for a new affordable rental project, certified a stormwater vote tied to the same development, and gave final approval to housing changes in the Suncreek Specific Plan.
The May 12 meeting brought changes to two major development plans, a fee-credit deal with Taylor Morrison, a public hearing on how Lincoln will spend federal housing dollars through 2030, and an update on services for unhoused residents.