NOTICE IS HEREBY GIVEN that 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 homeowners 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 on Wednesday, June 15, 2011, at 3:30 p.m. at 2850 Fairlane Court, Bldg. C, Placerville. Completed applications may be submitted July 1-15, 2011. To request an application call (530) 642-4863 or at http://www.edcgov.us/HumanServices/Housing/TIM_Fee_Offset_Program.aspx