Seeking Applications ForTraffic Impact Mitigation Fee Offset Program For Affordable Housing Units
NOTICE IS HEREBY GIVEN that the El Dorado County is seeking applications from qualified residential builders who are constructing residential subdivisions that will include affordable rental and/or home ownership units, or existing home owners building a second dwelling unit. Affordable units must be designed to serve very-low to moderate-income households in the unincorporated areas of El Dorado County to be eligible under specific guidelines of the Traffic Impact Mitigation (TIM) Fee Offset Program. The Traffic Impact Fee Program includes a provision to set aside $1 million of federal and state transportation revenues annually for a period of 20 years to be used to offset TIM fees in the development of affordable housing. The TIM Fee Offset Program allows for a reduction of TIM fees and is not a cash subsidy.
A pre-submission meeting is scheduled for interested parties in the HR Conference Room on Monday, June 16, at 3:00 p.m. at 330 Fair Lane, Placerville. Applications accepted July 1-15, 2014. Call (530) 621-5159 for info.
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TIM Fee Offset Program