Feb 3, 2023 |
The Lake Tahoe Blvd Apartments project is a new 75-unit affordable housing development located in South Lake Tahoe, CA. The four-story infill project will provide 72 deed-restricted units affordable to households earning 30%–50% of El Dorado County AMI, including 18 units set aside for special needs populations. The remaining three units include two unrestricted live/work spaces designed to support local entrepreneurship, and one 2-bedroom manager’s unit. The development includes a mix of one-, two-, and three-bedroom apartments, with family-friendly amenities such as a community room, learning center, laundry facilities, bike storage, and a second-story courtyard with play areas and gathering spaces. Located within the Tourist Core Area Plan, the site is walkable to transit, bike lanes, and retail, promoting sustainable, connected living. The project meets all zoning and density requirements and is designed with regional architectural character, environmentally responsive features, and compliance with local scenic corridor and stormwater regulations. With its proximity to services and its integration of supportive housing, the project will advance equitable housing access and long-term community stability for families and residents with special...
Feb 3, 2023 |
Coming Soon….
Feb 3, 2023 |
Coming Soon…80 Unit Senior Affordable...
Feb 3, 2023 |
Rumrill Commons is a proposed Type V, 4 story, 40 units affordable housing community serving low to moderate income families developed by NDC, in partnership with the City of San Pablo. The project’s mixed-income approach helps to simplify the capital stack, allowing NDC to deliver housing quicker and reduce the time between site control and completion for traditional affordable housing of similar size and tenure. The use of our in-house construction GC will help 1) Cuts costs of construction and 2) decrease material waste, therefore reducing the negative environmental impacts and disruption to neighbors during construction. Cities like San Pablo in Contra Costa County have historically had significant challenges attracting State dollars for new affordable housing communities and programs like the Apple Affordable Housing NOFA will greatly help accelerate housing development in this County. NDC was selected through a competitive RFP process to partner with the City of San Pablo to develop 40-units of family affordable housing on land owned by the City in April 2022. The City of San Pablo is contributing the land through a disposition and development agreement as well as contributing just over $1M in additional capital to the development. NDC has also secured 8 project-based section 8 vouchers with a 20-year commitment. NDC received entitlements and all environmental clearances through the City Planning Commission on June 27, 2023. We are talking with the city and plan to secure some additional funds to close the current gap. If awarded the funds from the city, NDC plans to apply for 9% Tax Credits in the second round of 2025 with fund award anticipated by the end...
Feb 3, 2023 |
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