Two community based organizations in the Sacramento Promise Zone were announced as recipients of the 2019 Financial Institution Partnership Opportunity (FIPO) award on August 24, 2019. The 11-member FIPO partnership awarded $115,000 to fund projects by the California Capital Financial Development Corporation Sacramento Promise Zone Microloan Program ($65,000) and Franklin Neighborhood Development Corporation (FNDC) Mercado Project ($50,000).  The awards will enable California

Alchemist Microenterprise Academy (AMA) is a 10-week program which provides education and training on the fundamentals of starting and growing a food business. Each week, entrepreneurs heard from experts in different areas of the greater food industry who presented about various aspects of running a food business. The classes provided a forum for participants to network and have their questions answered. Alchemist has had the opportunity to develop relationships with some of

The Whispering Pines apartments located in the Promise Zone at 7610 Amherst Street in South Sacramento has received approval for financing from Sacramento Housing and Redevelopment Agency as part of a proposal to perform extensive renovations to the property that was built in 1971. The affordable housing community has 96 one-, two- and three- bedroom units including two managers’ apartments. With the exception of two 16-unit buildings that were renovated in 2011, improvements