The Truckee Artist Lofts suffered another funding setback, but the town leaders are not giving up on the affordable housing project.

Twice now the project has failed to receive the 9 percent California Low-Income Housing Tax Credit.

The proposal is for 77 apartments in a four-story building ranging from studios to three bedrooms, with a monthly rent of $402 to $1,600. Ten would be at market rate.

The housing project is part of the larger Truckee Railyard Mixed-Use Development Master Plan.

— Lake Tahoe News staff report