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Housing

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Posted on: April 16, 2021

Cashin's Field Is One Step Closer to New Workforce Housing

Rendering of building elevations for the Cashin's Field project

Cashin’s Field, an affordable housing project consisting of 51 units of workforce housing, is one step closer to breaking ground in Nevada City.

Cashin’s Field, an affordable housing project consisting of 51 units of workforce housing, is one step closer to breaking ground in Nevada City after the Nevada County Board of Supervisors unanimously approved resolutions authorizing a loan to developer f...

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Housing
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