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The original item was published from 9/20/2021 9:39:00 AM to 9/21/2021 11:14:37 AM.

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Home Town Hightlights

Posted on: September 20, 2021


Did you Know_Housing Graphic

The Town of Mammoth Lakes has recently committed over $6 million in new funding for community housing in addition to the past and ongoing investment in The Parcel development.

  • In 2018, the Town spent $6.5 million to purchase The Parcel property and spent an additional $630,000 on the planning, environmental review, market analysis and community outreach in preparing for this landmark project. In partnership with The Pacific Companies, the Town secured a grant of $20.6 million for project infrastructure work. The first phase will be 80 units of new affordable housing available in 2023.
  • The Town allocated $3 million for the design and construction of a new multi-unit housing complex at the recently acquired parcel at 60 Joaquin, providing six new rental units in 2022. 
  • The Mammoth Lakes Housing contract was funded for $336,000, which provides housing support and resources for the residents of Mammoth Lakes. (760-934-4740)
  • The Town committed $1.5 million to Mammoth Lakes Housing to help fund its 11-unit housing project, Access Apartments, located at 238 Sierra Manor Road.
  • The Town has set aside $1.5 million for future housing solutions and opportunities to work with private developers to generate at least six for sale or rental units over the next two years.
  • $600,000 was committed to provide bridge financing to retain affordable, deed-restricted properties.

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