26-0743

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.

Agenda Item Approved Introduced April 17, 2026

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