South Lake Tahoe Phase I A

State of California

Affordable Housing Development

Under Executive Order N-06-19

Location: South Lake Tahoe, CA

The California Tahoe Conservancy provided two parcels of land for the development of affordable housing in South Lake Tahoe. Sugar Pine Village is a new residential, mixed-use affordable community that compliments the existing neighborhood while also preserving native species and sensitive land. The project has been designed to provide residents with new high quality, sustainable housing that supports active transportation, encouraging biking, walking, access to transit, and connection with nearby trails for the local workforce and their families.

Project Milestones

The City of South Lake Tahoe and Tahoe Regional Planning Agency have fully approved the project in record time.

The project is being developed in four phases.

Phase 1A 68 Units-Completed

  • 15 @ 30% AMI
  • 27 @ 50% AMI
  • 25 @ 60% AMI
  • 1 Manager Unit

More Information

Jurisdictional Entity: The Department of Housing and Community Development

Size (Site): ± 11.35 acres

Proposed Development: 248 units

Developer: Related California

 

Award Date:

Ph1A: TCAC 4% award December 2021

Ph2A: Housing Accelerator award December 2022

Ph1B: TCAC 4% recommendation for August 6, 2024 committee date

Ph2B: TCAC 4%, not fully financed

Funding stack:

Ph1A: TCAC 4%; MHP $12.1M; IIG $3.2M; PLHA $4.8M; LGMG $5.6M; City $821k

Ph2A: Housing Accelerator $23.9M; AHSC $10.5M; IIG $3M; PLHA $4.8M; LGMG $4.3M; City $1M

Ph1B: TCAC 4%; MHP $7.5M; IIG $3M; HOME $5.2M; City HOME PI $625k; LGMG $10M, County PBVs

Ph2B: TCAC 4%; IIG $3M; HOME $6M; not fully financed

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