NevCo West
Community Land Trust
OUR MISSION
Housing Within Reach
NevCo West Community Land Trust is a California nonprofit 501(c)(3)
dedicated to the mission of providing housing for middle to low income
households in western Nevada County.
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 |
|---|---|---|---|---|
$1960 | $6560 | $78,750 | 100% AMI | Median, 1 person |
$2250 | $7500 | $90,000 | 100% AMI | Median, 2 people |
$2800 | $9375 | $112,500 | 100% AMI | Median, 4 people |
$1460 | $4860 | $58,350 | 80% AMI | Low, 1 person |
$1670 | $5560 | $66,700 | 80% AMI | Low, 2 people |
$2080 | $6950 | $83,350 | 80% AMI | Low, 4 people |
$910 | $3040 | $36,500 | 50% AMI | Very low, 1 |
$1040 | $3475 | $41,700 | 50% AMI | Very low, 2 |
$1300 | $4340 | $52,100 | 50% AMI | Very low, 3 |
$830 | $2680 | $33,300 | $16/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 prototype project is now under construction in Penn Valley town center.