Placer County announces construction of homeownership opportunities for local workforce
Placer County will soon be seeking applications for a new homeownership opportunity for the Tahoe-Truckee local workforce.
Hopkins Village, a new for-sale housing development located in Martis Valley, will begin selling to the Tahoe-Truckee local workforce starting mid-February 2021. Forty units — 20 half-plexes, each containing 3 bedrooms, 2.5 baths and a garage — will be constructed and sold to local workers at a sale price of $550,000.
A homeowners association fee of $660 per quarter will include a management fee, replacement reserves for roads, park maintenance, exterior painting and snow removal on roadways and driveways.
Buyers will have to meet certain requirements such as employment averaging at least 30 hours per week within the Tahoe-Truckee Unified School District boundary and total household income at or below 180% of area median income.
Interested buyers may fill out an interest form before the applications become available on the development website Jan. 8. They are also encouraged to gather all necessary information and documents to have all the application requirements ready by the time the application process opens. The county also encourages interested applicants to contact a lender to begin the prequalification before the application period is open online.
The county will establish a list of qualified buyers in mid-February and will consider applicants on a first-come, first-serve basis as the units are constructed.
Units will be constructed on a rolling basis in 2021. For more information and to fill out the interested buyer form, please visit: http://www.placer.ca.gov/7013/Hopkins-Village
Source: Placer County
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