Loan Amount: $2,050,000
Developer: Northern Nevada Community Housing
The Truckee Heights Apartments is a proposed 40-unit multifamily development providing 40 affordable housing units (100% of total) restricted to tenants with household incomes not exceeding 60% of the area median income, featuring one and two-bedroom units in a three-story elevator building for seniors and disabled individuals. It targets senior and disabled households, with set-asides for veterans and special needs, offering supportive services through partnerships. The property is unique for its veteran preference and integration of special needs units in a moderate-cost area.