Rancho Cañada Village is being planned as a mixed-income neighborhood in order to provide housing opportunities for a variety of socio-economic levels and needs. The Monterey Peninsula and Carmel Valley, in particular, are one of the least affordable areas in the nation to purchase a home. Consequently, many key members of the community’s workforce are forced to live in other areas and commute long distances to work — a situation that makes for a more congested roadway. In this community lacking the affordable housing options for its workers, Rancho Cañada Village seeks to be a model of how to provide a full spectrum of income-restricted homes fully integrated with market rate homes. All of the homes will be constructed with the same level of detail and quality. A fundamental goal of Rancho Cañada Village is to provide housing that does not distinguish a person’s or families’ income level.

   Fifty percent (140 homes) will be deed restricted affordable and workforce homes as defined by the County of Monterey’s Housing Ordinances. These homes will have resale restrictions in order to maintain affordability in perpetuity and be offered as a first preference to those currently working within the Carmel Valley Unified School District boundary. The remaining fifty percent of the homes will be sold at market rate prices as determined by market conditions at the time of sale. These homes will have no resale restrictions.

   Rancho Cañada Village will be managed by a Homeowners Association that will be responsible for landscape, road and park maintenance. Additionally, a Design Review Committee will be established to ensure that future home improvements or alterations are consistent with the approved Specific Plan and Pattern Book.

   Rancho Cañada Village is intended to be an inclusive neighborhood that welcomes people of all incomes, ages and backgrounds.