Board approves Placer Vineyards amendment to accelerate on-site affordable housing and cap transferable credits
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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 aligns with on‑site work and the certificate‑of‑occupancy schedule. The amendment sets completion to occur prior to the earlier of two years from the amendment’s effective date or issuance of the first building permit after 95% of single‑family units on Property 1A have been issued, and delegates to the county executive officer authority to extend that timeline by up to six months for good cause.
Kingsbury said the amendment recognises that the affordable project is progressing “and the developer has the financing,” and staff recommended the change to ensure construction milestones and the development agreement are synchronized.
The amendment also addresses a long‑running disagreement over how the specific plan’s 10% affordable requirement is calculated. Staff and the developer used different unit counts; to move the project forward, the board approved capping the number of credits that may be transferred off‑site at 57 while reserving the right to revisit the calculation in future policy discussions.
Lennar Homes’ counsel Chad Roberts told the board the developer supported staff’s recommendation and thanked staff for the collaborative process. Public commenters reiterated long‑standing frustrations with multi‑decade project phasing and warned that repeated delays raise costs and reduce affordability.
The Planning Commission had recommended the amendment on Dec. 4, 2025. The board voted to adopt the ordinance approving the third amendment and to modify condition of approval 221 to align timings between the tentative map and the development agreement.
