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The original item was published from 3/11/2022 10:48:59 AM to 3/11/2022 10:49:50 AM.

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Posted on: March 11, 2022

[ARCHIVED] City of South Lake Tahoe and Related California Awarded Grant to Build Low Income Multifamily Housin

Sugar Pine village 1







City of South Lake Tahoe and Related California Awarded Grant to Build Low Income Multifamily Housing

The grant awarded by California’s Department of Housing and Community Development will fund hundreds of critically-needed units of affordable housing in SLT

 

SOUTH LAKE TAHOE, CA, March 11, 2022 – The City of South Lake Tahoe, in partnership with Related California and Saint Joseph Community Land Trust, announced today that the Sugar Pine Village project has been awarded $19.6 million by the California Department of Housing and Community Development’s (HCD) Multifamily Housing Program (MHP). The MHP, authorized by the Veterans and Affordable Housing Bond Act of 2018 (Proposition 1), assists with new construction, rehabilitation and preservation of permanent and transitional rental housing for lower income households. On the heels of the South Lake Tahoe project’s Affordable Housing and Sustainability Communities (AHSC) and Permanent Local Housing Allocation (PLHA) grant announcements, the MHP award represents a critical milestone in the 248-unit multi-phase workforce affordable housing development’s complex financing structure. 

 

South Lake Tahoe Mayor Devin Middlebrook stated, “With this latest funding announcement, it is likely we will be able to break ground on this innovative project as early as this year. The diligent work that has gone into the public-private partnership has allowed an otherwise slow process in the government sector move quickly in the face of a crisis, and is something I hope other communities can look to as a best practice for mitigating the housing crisis not just here in Tahoe, but throughout the state.”

 

Sugar Pine Village is a result of Governor Gavin Newsom’s Executive Order N-06-19 directing the California Department of General Services (DGS), California Tahoe Conservancy (CTC) and the California Department of Housing and Community Development (HCD) to identify and aggressively pursue sustainable, innovative, cost-effective housing projects on state-owned excess sites. Related California and local nonprofit housing developer Saint Joseph Community Land Trust were selected by the State to develop the South Lake Tahoe site for affordable workforce housing, combatting the acute affordable housing supply shortage in the Tahoe Basin. 

 

“We are thrilled that Sugar Pine Village has been awarded with MHP funding by the California Department of Housing and Community Development,” said Ann Silverberg, CEO of Related California’s NorCal Affordable and Northwest Divisions. “Thank you to HCD for providing vital funding to assist in the delivery of urgently-needed multifamily housing in the South Lake Tahoe community – and to the City of South Lake Tahoe and Saint Joseph Community Land Trust for your partnership.”

 

The mixed-use, affordable housing development is to be built on two parcels of California Tahoe Conservancy surplus land in the Tahoe Valley area. Sugar Pine Village will deliver much-needed affordable, workforce housing to residents earning 30-60% of the Area Media Income (AMI), and is the largest multi-family housing project in South Lake Tahoe’s pipeline.

 

"The recent South Shore Housing Needs and Opportunities Study documented the severe housing shortage and resulting adverse impacts on the quality of life for residents and employers of the Tahoe Basin,” said Jean Diaz, Executive Director of Saint Joseph Community Land Trust. “Saint Joseph Community Land Trust is extremely pleased to be the nonprofit developer partner for the Sugar Pine Village project which will bring 248 units of much needed studio, 1, 2 & 3 bedroom workforce apartments as well as a childcare and community services facility to the Tahoe Basin. "

 

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About City of South Lake Tahoe

The City of South Lake Tahoe is a general law city in El Dorado County, CA, that was founded on November 30, 1965. Located 190 miles northeast of San Francisco, CA and 60 miles southwest of Reno, NV in the Sierra Nevada Mountains, South Lake Tahoe boasts one of the most unique settings in the world, at the edge of an alpine lake of great natural beauty and environmental value. The city limits encompass an area of approximately 16 square miles with an average elevation of 6,200 feet above sea level and a population of 22,525.

 

About Related California

Related California is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. The company has a development portfolio of 16,000 residential units completed or under construction. 

 

Related California has a long history of community partnership, having collaborated with more than 35 municipalities and over 25 non-profit organizations throughout California. Related California has a track record of consistently developing communities that exceed industry benchmarks in design, construction, sustainability, and property management.

 

About Saint Joseph Community Land Trust

Saint Joseph Community Land Trust is a 501c3 non-profit membership organization founded in 2002 to preserve and expand permanently affordable housing for Tahoe Basin’s low and moderate-income employees and residents.

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