Meadow View Place

9885 Meadow View Pl, Truckee, CA

Developer: Neighborhood Partners, LLC, Pacific Housing & John Stewart Company
Construction: Brown Construction
Property Management: John Stewart Company
Website: Neighborhood Partners, LLC

Description

Meadow View Place is a brand new 56 unit, multi-family apartment complex located near Schaffer’s Mill. It includes 14 one-bedroom units, 28 two-bedroom units and 14 three-bedroom units, a community building with common areas, an outdoor patio and a small playground for children.  Of the total units, 35 units (64%) are restricted to 50% or less of Area Median Income (AMI) households and 20 units (36%) are restricted to 60% or less of AMI households. The buildings will have rooftop solar panels to achieve zero-net-energy usage and help fulfill the project’s commitment to reduce greenhouse gas emissions. Through the Sustainable Communities Grant funding, the project, with support from Placer County, will meet required greenhouse gas emission reductions through transit, trail and energy improvements. View the Meadow View Place Flyer.

Funding

The total project cost is estimated at $27.24M. The project secured a 4% California Tax Credit allocation, a $3,586,000 infrastructure grant and $7,495,413 housing loan from the Strategic Growth Council and California Department of Housing and Community Development Affordable Housing and Sustainable Communities Program, a California Community Reinvestment Corporation: $1,600,000 permanent loan, $12.3M equity investment from Enterprise Housing Credit Investments, a $17M construction loan from Wells Fargo Bank, and a $100K grant from the Martis Fund. New Martis Partners, LLC donated the project site.

Applications Available Now! Opening Late 2021!

Download Meadow View Place updated application packet now.

Meadow View Place Income Caps

Placer County Annual Income Caps

 

Income Level 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person

Extremely Low

(up to 30% AMI)

$19,050 $21,750 $24,480 $27,180 $29,370 $31,530

Very Low

(up to 60% AMI)

$38,100 $43,500 $48,960 $54,360 $58,740 $63,060

Contact

For more information about Meadow View Place, contact 916-561-0324 or meadow@jsco.net.

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