Truckee Artist Lofts

Truckee

LocationDowntown Truckee,
Part of Truckee Railyard Project
Contact Info: See contact form on website below
Website: Truckee Artist Lofts

Description

TAL (Truckee Artist Lofts) is a mixed-use, affordable housing community for artists and local workforce, located at the Truckee Railyard Project in downtown Truckee. It will include 76 income-restricted rental apartments, ranging from studios to three-bedroom units, and ground floor commercial/retail space.

Funding

  • State Tax Credit Project with soft financing from various local partners to compete for state tax credits

Range for rents and AMI targets for rents

76 units ranging from 30% to 80% AMI (Very low up to low income)

Mix of studios and 1-bedroom, 2-bedroom, and 3-bedroom apartments

Rents are set by the California Tax Credit Allocation Committee. In 2020, maximum rent limits ranged from a low of $451 for a 30% AMI studio to $1,789 for an 80% AMI 3-bedroom unit. Learn more about the Truckee Artists Lofts on the Town of Truckee website.

Timeline

Opening in Spring 2021. The pre-leasing period of February 15, 2021 through February 26, 2021 ended with 122 pre applications received. Prelease Applications will be processed by overall scores earned and pre-application submission date. Check the Truckee Artist Lofts website regularly for more information and when more applications will be accepted for tenancy.

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