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Board approves Placer Vineyards amendment to accelerate on-site affordable housing and cap transferable credits
Summary
Placer County supervisors approved a third amendment to the Placer Vineyards development agreement for Property 1A that aligns affordable-housing completion triggers with construction timing and caps off‑site transferable credits at 57 to resolve a dispute over how the plan’s 10% requirement is applied.
The Placer County Board of Supervisors voted Jan. 6 to approve a third amendment to the development agreement for Placer Vineyards Property 1A that staff said will accelerate construction of a fully affordable 168‑unit project and set limits on off‑site transfer credits.
Deputy CEO Michelle Kingsbury and planning staff told the board the affordable-housing project is under construction and has secured tax‑credit financing; staff recommended modifying Section 2.6.0.1 so the timing trigger for construction completion…
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