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Affordable housing in Tahoe on 2009

More and more seniors are in need of affordable and low cost housing that offers generally the same type of service that high cost housings have. In Lake Tahoe, the construction of the second senior citizen housing complex has started yesterday.

The finance agency of the state approved $4.73 million for the said project which shall receive about $346,000 in tax credits. This housing will cater senors who are generally on fixed incomes.

In order to qualify for the housing, they must be 62 years old or older with an income which is 50 percent or less of the areas median income. The rents will be around 570 to 680 dollars for the one and two bedroom units. The opening of the complex is expected to occur by summer in 2009.

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