Will Ferrell’s Gary Sanchez Prods. has tapped two “Saturday Night Live” alums for its new Comedy Central sitcom.

Chris Parnell and Horatio Sanz will star opposite Jon Heder in the laffer, which comes from distributor Debmar-Mercury.

Heder stars as a man chasing big dreams — even as he loses his job and moves back in with his parents. Sanz will play one of his pals, an ex-convict, with Parnell as another friend, a burned-out teacher.

Together, Heder, Sanz and Parnell attempt to save their hometown — until they ultimately fail in each episode.

“Anyone in the comedy world knows that Horatio Sanz and Chris Parnell are two of the funniest guys around,” said Adam McKay, who runs Gary Sanchez Prods. with Ferrell and Chris Henchy.

Parnell spent nearly a decade on “SNL,” and more recently recurs as Dr. Leo Spaceman on “30 Rock” (as well as in a series of Dr Pepper commercials). Thesp was also in “Walk Hard: The Dewey Cox Story” and Ferrell’s “Anchorman.”

Sanz, the first Latino cast member on “SNL,” appeared on ABC’s “In the Motherhood” and recently guested on “30 Rock.” His feature credits include “Step Brothers.”

Ferrell, McKay, Henchy and Lew Morton are exec producers on the comedy, while Morton (“Walk Hard”) is the writer. Production begins March 31 in New York.

Comedy Central has picked up an initial 10 episodes of the multi-cam laffer, with an option to order 90 more (following Debmar-Mercury’s similar venture with Tyler Perry and TBS). Show is set to bow sometime in the third quarter.