Title
Planning and Building Department, Planning Division, Long Range Planning Unit, Housing, Community and Economic Development Programs, in accordance with Board of Supervisors Policy B-14, Traffic Impact Mitigation Fee Offset Program for Developments with Affordable Housing Units, recommending the Board:
1) Find that the El Dorado Senior Apartments project, Phase 1 and Phase 2 provide significant community benefit by providing housing that is affordable to very-low, low- and moderate-income senior households;
2) Make a conditional award of a Traffic Impact Fee Offset totaling $932,144 ($493,740 for Phase 1 and $481, 712 Phase 2); and
3) Authorize the Planning and Building Department Director to execute all documents associated with the TIM Fee Offset Program.
FUNDING: Federal and state transportation revenues.
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DISCUSSION / BACKGROUND
Board Policy B-14, Traffic Impact Mitigation (TIM) Fee Offset Program for Developments with Affordable Housing Units, is administered by the Planning and Building Department, Housing, Community and Economic Development (HCED) Program, in coordination with the Department of Transportation.
The Board recently adopted the new Traffic Impact Fee (TIF) program that established three TIF zones and new fees effective February 8, 2021.
On December 11, 2007, the Board of Supervisors adopted Board Policy B-14 (Item 56, Legistar File 07-1822). The TIM Fee Program includes a provision to set aside $1 million of federal and state transportation revenues annually to be used to offset traffic impact fees for the development of affordable housing. Affordable units must be designed to serve very-low to moderate-income households in the unincorporated area of El Dorado County to be eligible under specific guidelines of the TIM Fee Offset Program. The TIM Fee Offset Program allows for a reduction of traffic impact fees and is not a cash subsidy.
Developers of affordable new construction projects with five or more units seeking the T...
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