The Town's Housing Now! program is a multi-faceted program focused on expanding the availability of affordable workforce housing throughout the community in the near-term (present-18 months) to support housing at all economic levels. The Housing Now! initiative aims to leverage federal and state grant program funds (generally limited to households earning no more than 80% of the Area Medium Income) and local funds (generally not limited to a specific Area Medium Income level) to achieve affordable new housing development and the creation of affordable housing through the conversion of existing market-rate housing.
The Parcel development is a 25-acre undeveloped site centrally located in the Town of Mammoth Lakes intended for affordable housing. The Town acquired the site in 2018 and subsequently launched a comprehensive planning procedure to determine how best to develop the site. The Parcel Master Plan allows for up to 580 permanently affordable housing units on the site that will be restricted to households earning 120% or below of the Area Medium Income (AMI), with the majority being restricted to 80% AMI and below. Phase 1 consists of 81 units (80 affordable and 1 manager’s) consisting of studio, 1-br, 2-br, and 3-br units. Construction began in fall 2020 and anticipated occupancy is fall 2023. Phase 2 consists of 148 units (146 affordable and 2 manager’s) and site grading is expected in fall 2022. Construction and the target occupancy date will be dependent on when all of the funding is secured for the project. Future phases will provide up to 350 additional affordable housing units. Funding for Phase 1 of the project consists of Town general funds and CA State grant funding.
Construction Update - December 2022
Construction at The Parcel reached a major milestone at the end of November with the placement of approximately 100 prefabricated individual modules onto the second floor podium of both buildings topping out both buildings at their final four-story height.
The buildings are currently being further weatherproofed to allow ongoing interior construction of utilities and finishes throughout the winter months. Installation of structural steel framing for the single story childcare center and community space at the south side of Building A will continue as long as weather permits. Further site work, including installation of dry utilities, roads, and sidewalks, is suspended until spring.
Phase 1 of The Parcel incudes 81 apartment units within 2 buildings at several affordability levels and with several unit sizes between studio and 3 bedroom as well as a childcare facility, community space, and public park. Units are expected to be available for occupancy toward the end of summer 2023.
Anyone interested in living at The Parcel should contact the Town developer’s property manager, Buckingham, at (855) 452-8250 (option 0) for additional information or to be placed on the waiting list.
60 Joaquin is a Town-sponsored affordable housing project that will provide four ownership units on a 0.20-acre undeveloped site. The units will be targeted to households earning between 120% AMI and 150% AMI. Construction is anticipated to begin in spring 2023. Funding for the project is coming from Town general funds.
The Bridge Program is a partnership between the Town and Mammoth Lakes Housing aimed at increasing the number of affordable ownership units within the Town through the purchase of existing market-rate homes that are then deed restricted and sold to qualified households at a subsidized price. The program is targeting households earning between 120% - 150% AMIwith an average subsidy of $100,000 - $150,000 per unit. The goal is to convert 12 units by the end of 2023.
As of March 2023, (4) units have been sold to income eligible households and there are currently (2) units for sale. Please contact Mammoth Lakes Housing at (760) 934-4740 to learn about the units for sale or to inquire about the eligibility requirements.
The Access Apartments
The Access Apartments is a partnership project being developed by our local housing non-profit, Mammoth Lakes Housing (MLH), that aims to convert two existing commercial buildings into 11 one-bedroom affordable rental units available to households earning no more than 80% AMI. Construction is anticipated to begin in spring 2023 with an estimated occupancy date of spring 2024. Funding for the project includes MLH funds, Town general funds, and approximately $6.5M in Federal grant funding.
The Innsbruck Lodge Affordable Housing Project
The Innsbruck is an adaptive reuse project being developed by our local housing non-profit, Mammoth Lakes Housing (MLH), that will convert an existing hotel into 16 affordable apartment units available to households earning no more than 80% AMI. Construction began in winter 2022 with an estimated occupancy date of fall 2023. Funding for the project consists of $4.7M in CA State Project Homekey funds, Town general funds, and Mono County general funds.