Title
Planning and Building Department, Affordable Housing Unit, in accordance with Board of Supervisors Policy B-14, Traffic Impact Fee (TIF) Offset Program for Developments with Affordable Housing Units, recommending the Board:
1) Find that the Diamond Village Apartments Phase II development project provides a significant community benefit by delivering long-term, income-restricted rental housing to low-income households;
2) Make a conditional award of a TIF Offset totaling $436,632 (per current TIF Program Fee schedule, but subject to change with each TIF schedule update), to offset 94 percent of the TIF for the 30 income-restricted units affordable at or below 80 percent of the area median income;
3) Authorize the Planning and Building Department Director to execute all documents associated with the TIF Fee Offset Program, contingent upon approval by County Counsel and Risk Management; and
4) Direct staff to work with the Affordable Housing Task Force to review Board of Supervisors Policy B-14, Traffic Impact Fee (TIF) Offset Program for Developments with Affordable Housing Units and provide recommendations on updating the Program and Guidelines.
(District 3)
FUNDING: Federal and State Transportation Grant Revenues.
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DISCUSSION / BACKGROUND
Project Background
On January 9, 2025 (Legistar file 25-0006), the Planning Commission approved Design Review Permit DR24-0008 for Diamond Village Apartments II (Project), an affordable housing development processed under Senate Bill 35 (SB 35). The Project is located at 750 Black Rice Road (Assessor’s Parcel Number 051-461-069) in Diamond Springs.
Project Details:
· Four (4) multi-unit residential buildings
· 30 rental units affordable to households earning 80% or less of the Area Median Income (AMI)
· One (1) manager’s unit
· Office and community room
· Supportive services - case management, public benefits enrollment, and life skills education
The Project will provide dedicated housing and supportive services...
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