Combined, the five projects would bring about 1,000 new residents into the CBD. These projects would require a total of $25 million in loans, subsidies and land from the city's redevelopment agency. However, the city was overwhelmed with the details of each project and by the end of the night, had only approved two of the projects.

One of the approved projects is an $11 million rehabilitation project at the vacant Ping Yuen housing center at Fifth and I streets. This project will bring 82 senior and low-income apartment units to the area. The proposal calls for approximately $4.3 million in city grants and loans.

The second approved project is a large apartment complex in one of the central city's most blighted sites--a hole in the ground at 18th and L streets. The city has approved developer Sotiris Kolokotronis' proposal for a 176-unit apartment complex with street-side commercial uses. The $32 million project calls for a $4.75 million Sacramento Housing and Redevelopment Agency loan.