New 68-Unit Affordable Housing Project Breaks Ground in Truckee
Frishman Hollow II to Break Ground in Truckee
A much needed affordable housing project is breaking ground this week in Truckee. The second phase of the Frishman Hollow affordable housing project will begin grading work this month to make way for the four building, 68-unit project.
“This is an exciting step towards creating more affordable housing for our community, “stated Yumie Dahn, the Town of Truckee Planner for the project.
The Frishman Hollow II project, located adjacent to Frishman I, on the corner of Rue Ivy and Highway 89 (near Alder Creek Middle School), will provide 68 income restricted rental homes for the workforce of Truckee. The units will be a mix of studios, one bedroom, two-bedroom, and three-bedroom apartments scattered between four buildings—two 30-unit, three-story buildings on Rue Ivy, off of Truckee Way, and two fourplex buildings located at the north side of the site, near the Prosser Dam Road roundabout. 136 parking additional spots will be included.
Construction will continue this summer with hopes of opening in the Spring of 2021. The income qualifications for the units will be capped at 80% of the area median income, which for a family of two in Truckee is $55,050. Today, there are currently 380 affordable housing units in the Town with wait lists up to the two years to get in.
We are thrilled that this project is moving forward despite all of the challenges of COVID-19 because the need for affordable housing is only growing. Though all affordable housing projects are complex, the Town is pleased with the relatively short timeframe, just over a year from initial developer interest to ground breaking – when it can often take 2-4 years including a rezoning. A big reason behind this success was the high level of trust and collaboration between the affordable housing developer (The Pacific Group) and Town.
- Jeff Loux, Town Manager
As part of the grading work kicking-off next week, tree removal will also begin on site.
For more information about the Frishman Hollow II Project, contact Seana Doherty, Town of Truckee Housing Program Manager, email@example.com.