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

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

The second approved project is a large apartment complex in oneof the central city's most blighted sites--a hole in the ground at18th and L streets. The city has approved developer SotirisKolokotronis' proposal for a 176-unit apartment complex withstreet-side commercial uses. The $32 million project calls for a$4.75 million Sacramento Housing and Redevelopment Agency loan.