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.

What this record is

Held by

Affordable Housing Units 5 records across this site

Amount

$437K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

award

Compared to

$437K – $1.10M the middle half of 5 other Affordable Housing Units contracts; median $1.09M

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Affordable Housing Units also holds

Planning and Building Department, Affordable Housing Unit, with concurrence from the Chief Administrative Office, in accordance with Board of Supervis… $139K El Dorado County, CA Planning and Building Department, Planning Division, Long Range Planning Division, Affordable Housing Unit, in accordance with Board of Supervisors Po… $1.10M El Dorado County, CA Planning and Building Department, Planning Division, Long Range Planning, Housing Unit, in accordance with Board of Supervisors Policy B-14, Traffic I… $1.09M El Dorado County, CA Planning and Building Department, Planning Division, Long Range Planning, Housing Unit, in accordance with Board of Supervisors Policy B-14, Traffic I… $1.23M El Dorado County, CA

Committee

Board of Supervisors

Requested by

Planning and Building

Introduced

April 17, 2026

On agenda

May 12, 2026

Passed

May 12, 2026

Where it was heard

Board of Supervisors May 12, 2026 Approved Pass

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