Dry Creek Rancheria Band of Pomo Indians recently closed with equity investor Raymond James Affordable Housing Investments to begin construction on its affordable housing development, Bi’du Khaale. The development will provide 25 new single-family homes and a community building (rendering above) for elder Dry Creek Rancheria members in Sonoma County, CA.
“In an area with some of the highest housing costs in the country, this development will be an oasis of safe and affordable homes for some of our most vulnerable Tribal members,” said Chris Wright, chairman of Dry Creek Rancheria Band of Pomo Indians. “It will change their lives.”
Bi’du Khaale received a 2022 Low Income Housing Tax Credit (LIHTC) and 2022 California State LIHTC award from the California Tax Credit Allocation Committee (CTCAC) that generated $14.3 million in investor equity from Raymond James Affordable Housing Investments for the development.
“Raymond James Affordable Housing Investments is excited to be part of Dry Creek Rancheria’s first housing project and looks forward to the meaningful impact it will have on the local community,” said Ben Shockey, RJAHI director of acquisitions. “The Dry Creek team was a pleasure to work with. Their persistence and dedication to seeing this project through made all the difference and they should be proud of their efforts. We would like to thank the entire working group for their tremendous effort in meeting the CTCAC closing deadline. Congratulations to all!”
Bi’du Khaale includes the new construction of 25 homes and a community building. One home will serve as a manager’s unit. The homes are intended for multi-generational families and include two and three-bedroom layouts with a covered porch and an attached garage. The 2,975-square-foot community building includes a fitness room, a kitchen and a large activity room for elders and youth.
Dry Creek Rancheria partnered with Travois for consulting, architecture design and asset management and compliance services.
“We are proud to partner with Dry Creek Rancheria Band of Pomo Indians on its first affordable housing development,” said Trent Rogers, senior project manager at Travois. “The Dry Creek Rancheria team’s dedication to provide families with safe, affordable housing and new community amenities is inspiring. This project took careful planning and years of coordination and has overcome so many obstacles. I cannot wait for construction to begin!”
(Images: Bi’du Khaale architectural renderings by Travois Design, project architect.)