Traffic Impact Mitigation Fee Offset Program For Affordable Housing Units

by Placerville Newswire / Jun 23, 2016 / comments

NOTICE IS HEREBY GIVEN that El Dorado County is seeking applications from qualified residential builders who are constructing subdivisions of five or more units, where at least 20 percent of the units will be affordable to very-low-, low-, or moderate-income households, are eligible to apply for TIM fee offsets based on the percentage of units designated affordable.

Only the income-restricted units are eligible for a TIM fee offset.  

Affordable units must be located 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.

Applications from homeowners building a secondary dwelling are accepted year round.

The TIM Fee Offset Program allows for a reduction of TIM fees and is not a cash subsidy.

Applications will be accepted July 1-15, 2016.

For more information, please call (530) 621-5159 or email Cynthia.freeland@edcgov.us.. 

Print Notice [.pdf]-- http://www.edcgov.us/Government/HCED/TIM_Fee_Offset_Public_Notice_7-1-20...

TIM Fee Offset Program-- http://www.edcgov.us/Government/HCED/TIM_Fee_Offset_Program.aspx