Nearly 300 new affordable housing units in Truckee-Tahoe



RENO, Nevada (AP) – The recent opening of five new residential developments has added nearly 300 affordable housing units for workers in Truckee, Calif. And on the north shore of Lake Tahoe, an area where such housing has been in high demand these last years. .

The projects are the result of public-private partnerships that injected around $ 150 million into the local economy during their development, the Reno Gazette Journal reported.

Many units are reserved for households earning less than 50% of the region’s median income, and most are capped at 80%.

California State Treasurer Fiona Ma said at a groundbreaking ceremony on Oct. 1 that she would increase the mix of regional housing while providing “critical relief” to families, workers and artists low or moderate income that form the backbone of high cost California communities.

“Developments like these help ensure our children have opportunities to stay in the communities they love,” said District 5 supervisor Cindy Gustafson.

They include the Truckee Artist Lofts, 77 mixed-use units at Truckee Railyard for local artists and workers. Many are limited to households earning 80% of the region’s median income, with about a quarter limited to less than 50%.

The 48 Coldstream Commons units near Donner State Memorial Park limit income to 60% of the median.


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