Gray's Crossing Work Force Housing Offering Memorandum

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4-Unit Apartment Building BRAND NEW CONSTRUCTION OFFERED AT: $3,900,000

Executive Summary

FOR SALE

Four 2-bedroom apartment units in Gray’s Crossing

Brand new, premium-quality construction

Each residence features 2-bedrooms including 1-en suite, 2 bathrooms

1,715 per square foot

Includes parking area with 18 spaces

Centrally located in Truckee, CA near public transit with easy access to major employment centers

Deed Requirements

TENANTS CRITERIA:

Principle residence

Affordable rent defined as no more than 30% of the household income which may not exceed 120% of Nevada county Median

Income for a three-person household

Covenants run with the land

Annual compliance reports required with Town of Truckee

CARRY COST OBLIGATIONS:

Member of Village at Gray’s Crossing Master Association

Mello Roos District

Features

PREMIUM DESIGN BY ANDREW GOODWIN DESIGNS & CONSTRUCTION BY HUFF CONSTRUCTION.

All residences feature:

COMPLEX FEATURES

2 bedrooms including one primary suite; 2 bathrooms

1715 square feet

2 balconies / terraces

Central forced air heat

Stacked washer / dryer closet

Hardwood and tile flooring

Covered entry and common area

PROJECT FEATURES

Central location proximate to Downtown Truckee and major resorts and employment centers

Directly adjacent to public transit station

Paved bike paths connecting Downtown Truckee, Prosser Lake and endless recreation

Easy walking distance to Alder Creek Middle School and Truckee Regional Center

Walking distance to shops and restaurants within the future Village at Gray’s Crossing

Ample parking

Floor-plans

FIRST FLOOR - UNITS A & B

Floor-plans

SECOND FLOOR - UNITS C & D

Photos

Supporting Documents

STRUCTURAL DOCUMENTS

DEED RESTRICTION

GRAY’S CROSSING MASTER PLAN

VILLAGE AT GRAY’S CROSSING MASTER PLAN

VILLAGE AT GRAY’S CROSSING MASTER ASSOCIATION DOCUMENTS

ACCESS DOCUMENTS

Gray’s Crossing Map

The Village at Gray’s Crossing Map

VILLAGE GROVE

Regional Maps

TRUCKEE

Regional Maps

Regional Maps

PROXIMATE TO KEY CITIES AND AMENITIES

CITIES

San Francisco - 4 hrs drive, 1 hr flight

Sacramento - 2 hrs drive

Reno - 45 min drive

Los Angeles - 7 hrs drive, 1.5 hr flight

AMENITIES

Lake Tahoe - 20 min

Tahoe Forest Hospital - 5 min

Truckee Tahoe Airport (Private Jets) - 10 min

Reno International Airport - 45 min

Disclaimer and Contact

The materials contained on this Offering Memorandum could include technical inaccuracies or typographical errors. As such, Tahoe Mountain Realty. does not accept any responsibility or liability for any actions taken as a result of using this Offering Memorandum. Further, Tahoe Mountain Realty. assumes no responsibility for errors or omissions in the materials in this Offering Memorandum.

THESE ARE PROVIDED “AS IS” WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR NON-INFRINGEMENT.

All prices, features and plans are subject to change without notice. Square footages are approximate. No representation or warranties either expressed or implied are made as to the accuracy of the information herein or with respect to the suitability, usability, feasibility, merchantability or condition of any property herein described.

Tahoe Mountain Realty. further does not warrant the accuracy or completeness of information, text, graphics, links or other items contained within these materials. In no event shall Tahoe Mountain Realty. be liable for any special, indirect, incidental, or consequential damages of any kind, or any damages whatsoever resulting from loss of use, data or profits, whether or not advised of the possibility of damage, and on any theory of liability, arising out of or in connection with the use of the materials. The materials are subject to change without notice and do not represent a commitment of Tahoe Mountain Realty. in the future. All products and services are provided subject to applicable taxes and accompanying terms and conditions.

Conditions of Approval Shall Apply

Gray’s Crossing Work Force Housing

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