North Tahoe affordable housing project breaks ground
October 19, 2010
KINGS BEACH, Calif. and#8212; With gold shovels in hand Monday morning, the Placer County Board of Supervisors broke ground on the oft-publicized affordable housing project proponents predict will stimulate the economy, protect the environment and add needed worker housing.
and#8220;This is a true success story for Lake Tahoe, for its people, for its economy,and#8221; said county supervisor Jennifer Montgomery, who represents the countyand#8217;s fifth district, encompassing most of the North and West shores of Lake Tahoe.
Montgomery commended the many public and private individuals and organizations that contributed to the project, dubbed Kings Beach Affordable Housing Now, which brings five building sites and 77 new units to Kings Beach neighborhoods, with environmental upgrades aimed at preventing more than seven tons of sediment from flowing into the lake.
and#8220;Sometimes it takes a village to build a village, and in this case it was never more true,and#8221; Montgomery said.
Emilio Vaca, executive director of the North Tahoe Family Resource Center, said he was ecstatic to see the project moving forward. Working at the resource center, Vaca said on many occasions he works with low-income families and has seen some have to separate due to parentsand#8217; inability to provide housing for their children, something he said could be considered neglect
Now, he said, there will be a viable housing option for these families.
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and#8220;The real core thing here is bringing adequate housing. Kings Beach needed adequate affordable standard housing,and#8221; Vaca said. and#8220;I think this is one of the unique projects where we see the partnership between private and regional agencies.and#8221;
Dave Ferrari, of the Ferrari Crown Hotel in Kings Beach, said he has watched North Tahoe grow and develop for many years; he said the housing project is a fundamental step forward for Kings Beach.
and#8220;Iand#8217;m just happy itand#8217;s here. The need is so great and to finally have some two- and three-bedroom housing here is also great,and#8221; he said.
In June, the California Tax Credit Allocation Committee awarded Placer County $22.9 million in tax credits to be spread over 10 years and#8212; about $2.3 million per year for the project. Combined with local funding, the project funding totals $33 million.
and#8220;Without the state support we could not be here today,and#8221; said Meea Kang, of Domus Development, lead developer for the project, on Monday.
Sites include two units on Brook Avenue, five units on Trout Avenue, 12 units on Fox Avenue, 18 units on Deer Avenue and 40 units on Chipmunk Street.
Rents are to estimated from $382 per month for a studio to $1,135 per month for a three-bedroom apartment.
According to previous reports, to meet the projectand#8217;s deadline by spring 2012, the developers gained TRPA approval earlier this year to perform grading and environmental Best Management Practice improvements past Oct. 15, the end of the construction season.