NevCo West
Community Land Trust
OUR MISSION
Housing Within Reach
Working people can't afford to live here anymore. Our schools and healthcare providers, restaurants and shops, and all the local businesses we rely upon struggle to recruit essential workers because of the high cost of housing in our area. Young people just starting out, working families, and seniors on fixed incomes can be one step away from homeless when the unexpected happens--a sudden huge increase in rent, the loss of a job, a divorce.
The stability and well being of our entire community depends on access to housing for all our neighbors. NevCo West Community Land Trust provides housing within reach of middle to lower income households in western Nevada County. Read on to learn how we do it, how you can benefit, and how you can support our work.
Building Affordably
Smart design and project management allow us to build quality homes affordable to households at income levels up to 120% of Area Median Income (AMI), with a focus on those at lower income levels below 80% AMI--for our teachers and farmers, young folks just starting out, single parents, elders on fixed incomes, minimum wage earners and our local workforce priced out of the housing market.
Pathways to Ownership
We provide both affordable rentals that allow residents to save and ownership options that build equity.
Our flexible ownership models can reduce down payment amounts and allow residents to share resources to minimize the cost of home ownership.
Preserving Affordability
The CLT preserves the below-market costs of our homes through 99-year "ground leases" that keep rent or mortgage rates at no more than 30% of resident gross monthly income.
Economic Development
We strengthen our local economy through mixed-use housing plus commercial projects, and by increasing much-needed affordable housing stock for our local workforce.
SOLUTIONS
Redefining "Affordable Housing"
Nearly 40% of households in Nevada County are “lower income” (below 80% AMI). About half of our residents pay more than the recommended 30% of gross monthly income for housing. Our solutions begin by building what residents can afford.
Housing at 30% | Monthly Income | Annual Income | % AMI | Household Size |
|---|---|---|---|---|
$2180 | $7270 | $87,200 | 100% AMI | Median, 1 person |
$2490 | $8300 | $99,700 | 100% AMI | Median, 2 people |
$3100 | $10,380 | $124,600 | 100% AMI | Median, 4 people |
$1590 | $5300 | $63,700 | 80% AMI | Low, 1 person |
$1820 | $6060 | $72,800 | 80% AMI | Low, 2 people |
$2275 | $7580 | $91,000 | 80% AMI | Low, 4 people |
$995 | $3320 | $39,850 | 50% AMI | Very low, 1 |
$1140 | $3790 | $45,500 | 50% AMI | Very low, 2 |
$1420 | $4740 | $56,900 | 50% AMI | Very low, 4 |
$860 | $2860 | $34,300 | $16.50/hour | Minimum wage |
ABOUT
Our Projects
With a commitment to fostering resilience, our projects are focused on infill areas of our cities and town centers, walkable, on transit, and designed to be fire-wise, water-wise, and net zero energy efficiency.
Our first homes have been completed Penn Valley town center, with more under construction and plans for future developments underway.