Frishman Hollow II

11200 Rue Ivy, Truckee, CA

Developer: The Pacific Companies
Construction: The Pacific Companies
Property Management: Cambridge Real Estate Services
Contact: 530-587-5700
frishmanhollow@cresapts.com
Website: Frishman Hollow II

Description

Frishman Hollow II offers 68 additional affordable apartments next to the very popular Frishman Hollow community on the northside of Truckee (next to Alder Creek Middle School).The buildings feature modular construction designed by AO Architects.

Additional Features

Frishman II is located in the center of lots of great community amenities such as bike trails, the middle school, the catholic church and the local recreation center. Also, the new project is located on a bus line and an easy walk to downtown Truckee.

Funding

The project secured a 4% California Tax Credit allocation and State Tax credits of $14,750,000; California Debt Limit Allocation Committee (CDLAC)/California Housing Finance Agency (CalHFA) loan of $6,610,000; CalHFA Mixed-Income Program (MIP) financing of $4,388,000; deferred development fee of $1,705,00; a below market loan of $1M from the Martis Fund (committed upon certificate of occupancy); and a below market loan of $1.36M from the Town of Truckee. The project also received fee deferrals from Truckee-Donner Recreation and Park District and the Truckee Fire Protection District. Sugar Bowl Ski Area + Soda Spring provided modular unit storage.

Applications Now Available!

Frishman Hollow Phase II apartments are designed to be affordable for households earning at or below 80% of the area median income. Apply now. Review the flyer and Criteria for Residency to see if you qualify.

Frishman Hollow II Income Caps

Household Income limits applicable to occupant households who assume residency during 2022 are estimated as follows:

Number of Occupants	Maximum Annual Income
1	$31,450-50,320
2	$35,950-57,520
3	$40,450-64,720
4	$44,900-71,850
5	$48,500-77,600
6	$52,100-83,360
7	$55,700-89,120
8	$59,300-94,880