Within the City of South Lake Tahoe

There is a history in the Lake Tahoe Basin of remodeling smaller, more affordable units with larger vacation homes, which, upon resale are much less affordable.

35% - owner occupied

65% - 2nd Homeowners

Tahoe’s Complex Regulatory Environment

Tahoe Regional Planning Agency (TRPA) charged with protecting Lake Tahoe

Bi-state agency formed through act of Congress

Result for developers… permitting and building process lengthy & costly

South Tahoe Association of REALTORS® (STAR)

MISSION STATEMENT: Includes component to advocate for housing:

The mission of the South Tahoe Association of Realtors is to...-Educate Members and the Public-Protect the Public by Advocating Private Property Rights and Home Ownership-Contribute to the Community's Well Being -Uphold Professional Standards-Promote a Positive Image and the Value of REALTORS®

...Thereby providing resources enabling our members to serve the public and work together cooperatively.

California Association of REALTORS®(C.A.R.)

2002 C.A.R. President Toby Bradley recognizes housing crisis in California and charges each local association with forming a Housing Affordability Committee

C.A.R. establishes foundation called the Housing Affordability Fund (HAF)

South Lake Tahoe Community Leaders Recognize Need… Grass roots organization called “Tahoe

Tomorrow” formedHousing identified as 1 of 4 focuses for group

South Lake Tahoe Chamber of Commerce forms Workforce Housing group

STAR, Chamber & Tahoe Tomorrow Groups join forces

Saint Joseph Community Land Trust a democratically controlled nonprofit

corporation whose mission is to provide decent affordable housing to Lake Tahoe residents.

• Founded in 2002 in response to the rising housing costs and the negative impacts of these costs to the broad social fabric, well being, and sustainability of communities around Lake Tahoe.

SJCLT is the only bi-state Community Land Trust serving both Nevada & California in the Lake Tahoe Basin.

The Beginning of a Successful Partnership… City of South Lake Tahoe Redevelopment

Agency

Saint Joseph Community Land Trust

South Tahoe Association of REALTORS®

TALLAC AVE. DEMONSTRATION HOUSE

September 7, 2004: South Tahoe Redevelopment Agency

approved Resolution NO. 2004-6 to donate 961 Tallac Avenue, a vacant parcel; and 3802 square feet of land coverage to St. Joseph Community Land Trust

Section 3334.2 (a) of the State of California Health & Safety Code

Declares that low & moderate income Housing Funds shall be used by a redevelopment agency for purposes of increasing, improving & preserving the community’s supply of low and moderate income housing available at affordable housing costs.

St. Joseph Community Land Trust charged with: Developing a moderate income home Single story 3 bedroom / 2 baths, with 2 car garage Within 5 years parcel deeded to SJCLT

TRPA also contributes…

“Bonus Unit” program developed for deed restricted moderate, low and extremely low income housing

Bonus Unit = Allocation (aka – the right to build)

South Tahoe Association of REALTORS® (STAR)

STAR pursued and was awarded a grant for $25,000 from the California Association of REALTORS® Housing Affordability Fund (C.A.R. HAF) to assist the St. Joseph Community Land Trust in developing the demonstration project.

October 2004

Tallac Ave Demonstration Project Begins Development…

The Collaboration Continues… City of South Lake Tahoe

Redevelopment Agency

South Tahoe Association of REALTORS®

St. Joseph Community Land Trust

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