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Town reallocates PLHA funds, and conditionally backs $207,000 to Pacific Crest Commons gap
Summary
Council amended the town’s PLHA plan to revise ADU loan terms, allocate $207,272 toward Pacific Crest Commons affordable housing match and create a down‑payment assistance pilot; changes respond to low take‑up of the town’s earlier ADU loan program and HCD program constraints.
The Town of Truckee revised its Permanent Local Housing Allocation (PLHA) plan to free up funds for an affordable multifamily project and to redesign underused ADU loan offerings.
Hillary (staff) told council the town has received $286,375 of PLHA funds already earmarked for ADU low‑interest loans but has not yet had any loans completed under the existing $50,000 options. "While the town has had a handful of property owners interested in this program, we've not had anyone actually…
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