Attention Builders: Sacramento Expands Incentive Ordinance
Attention Sacramento Builders: The Sacramento City Council has just passed a valuable incentive that many companies need to be aware of. If you have a project that has been an active permit or permit application since February 26th, 2009, you can now reactivate your permits and entitlements instead of having them expire in the near future. Last week the City of Sacramento approved an amendment to expand the Shovel Ready Investment Protection Ordinance... [Read More...]
Folsom Dumps Affordable Housing Mandate
The city of Folsom, sued a decade ago over the community’s lack of affordable housing, will soon stop requiring developers to provide low- income units with every large residential project. The City Council instead plans to rely on voluntary initiatives and builder incentives to meet the state’s affordable housing goals, saying the mandatory program hasn’t worked and has stymied market-rate projects. The unanimous vote last Tuesday... [Read More...]
Developers Push Back on Infrastructure Fees
Disclaimer: SRBX has been involved in the infrastructure cost review discussions detailed below. The Exchange also strongly supports referenced elected officials including: El Dorado County Supervisor John Knight and Placerville City Councilman Dave Machado. Mountain Democrat: Development fees still hovering at housing bubble peak levels have made all but the most expensive new homes economically infeasible. That was the conclusion of a presentation... [Read More...]
