22630 Cameo Dr

Tucker Commercial, as Exclusive Advisor, is pleased to present an investment opportunity for the development of high-impact affordable housing in the Greater Higgins area of Grass Valley, California. The Cameo Affordable Housing Land (“Cameo”), located at 22630 Cameo Drive, comprises a 5-acre parcel strategically positioned to serve the region’s increasing demand for affordable housing. Cameo represents a unique opportunity to acquire and develop a fast-to-market, transformative low-income, high-density residential project in an area marked by ongoing growth and infrastructure development.

The latest proposal for the development includes 48 rent-restricted units, comprised of twelve (12) one-bedroom units, twenty-four (24) two-bedroom units, and twelve (12) three-bedroom units, all restricted at 30%, 50%, or 60% of AMI. This project will deliver critically needed affordable housing in western Nevada County and is eligible for California Low-Income Housing Tax Credits (LIHTC), providing valuable financial incentives for developers

The project was previously in contract with a developer who secured over $10 million in infill and infrastructure grants and completed all necessary engineering studies, including geotechnical, biological, traffic, drainage, and hazardous waste reports. Additionally, preliminary architectural and civil plans have been prepared, allowing a developer to leverage the existing reports and submittals, saving hundreds of thousands of dollars in soft costs and significantly reducing the time to market.