Truckee ‘locals-only' housing project too expensive for locals?

Studio prices range from $1,395 to $1,700 monthly, one-bedroom apartments range from $1,545 to $1,800, two-bedroom apartments go from $1,845 to $2,000 and three-bedroom apartments from $2,350 to $2,700. The median household income in Truckee for a household of four is $79,000. For a three bedroom unit at $2,700 a month, a family with that income would be paying over 40 percent of their income on rent.