Frishman Hollow

11026 Rue Ivy, Truckee, CA

Total Units: 32

Description

Frishman Hollow was approved in 2006 and consists of 32 affordable housing units – 16 two bedroom units, and 16 one bedroom units – in eight fourplex buildings and 65 parking spaces. Residents must have less than 60% of Nevada County area median income (AMI).

Financing Details

The property site was donated to Truckee by East West Partners as part of the Gray’s Crossing specific plan approval process. A community development block grant of $1.5 million was given to the town in 2005 to provide infrastructure development, a trail from Alder Drive to Donner Pass Road, and road improvements to the property. A $4 million state grant was awarded to the town from the California Department of Housing and Community Development Loan and Grant Committee as part of the HOME Investment Partnership Program.

Contact

For more information about the Frishman Hollow II project, contact frishmanhollow@cresapts.com or at 530.587.5700.