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Housing

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Posted on: October 22, 2020

$2.8M in Project Homekey Funding Awarded for Purchase and Conversion of Motel Into Permanent Housing

Coach N Four Motel

Nevada County’s Homekey project is the Coach N Four Motel in Grass Valley. The 18-unit motel will initially continue as a temporary emergency housing for people experiencing homelessness, with a focus on families, veterans and other vulnerable groups.

On October 9th, Governor Gavin Newsom announced the County of Nevada is receiving $2.8 million as part of the fourth round of funding awards for Project Homekey, California’s innovative $600 million dollar program to purchase and rehabilitate housing, inc...

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Housing
Posted on: November 18, 2020

TCAC awards $25.8 million in Housing Tax Credits for Cashins Field Housing Project

Rendering of building elevations for the Cashin's Field project

The California State Treasurer’s Tax Credit Allocation Committee (TCAC) awarded $25.8 million in Federal Nine Percent (9%) Low-Income Housing Tax Credits (yielding approximately $22.4 million in investor equity) to the Cashin’s Field housing project.

Today, the City of Nevada City learned the California State Treasurer’s Tax Credit Allocation Committee (TCAC) awarded $25.8 million in Federal Nine Percent (9%) Low-Income Housing Tax Credits (yielding approximately $22.4 million in investor equity) to t...

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Housing