South Lake Tahoe Riverside Lots for Affordable Workforce Housing
The City of South Lake Tahoe, in August, awarded SJCLT the right of first refusal to acquire 3 adjacent lots on Riverside Avenue for development of permanently affordable workforce housing. SJCLT is working with City of South Lake Tahoe staff to develop the next steps that will lead to ground breaking for 3 to 5 workforce houses.
Motel to Home Program Grows
SJCLT's Motel to Home Program continues to grow. With the latest beneficiary the program has now moved families including 32 children living in motels to more permanent appropriate apartment homes. SJCLT is looking to expand the program beyond South Lake Tahoe.
Employer Assisted Shared Equity (EASE) Program Commences
SJCLT is working with one of Lake Tahoe's largest employers on the inaugural transaction for this new program. SJCLT and the employer will jointly provide resources to help the firm recruit or retain important employees. The home will be placed into SJCLT's portfolio ensuring permanent affordability. Look for a formal announcement soon.