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Council introduces Canopy BR8 affordable‑site development agreement; applicant agrees to $765,000 Iron Horse Trail contribution
Summary
Council introduced an ordinance for the Canopy BR8 development agreement to shift some inclusionary obligations to a 161‑unit Eden Housing affordable rental community and to increase the overall affordable unit count and depth; the developer agreed to a $765,000 Iron Horse Trail contribution and council continued adoption to Jan. 27 to add the language.
San Ramon — The City Council held a public hearing and introduced an ordinance on Jan. 13 for a development agreement that would allow Sunset Development and Eden Housing to deliver a 161‑unit affordable rental community (Canopy Affordable Site) as part of the larger Canopy project in Bishop Ranch.
Associate Planner Annalisa Marzad told the council the project at 3000–5000 Executive Parkway proposes 416 homes (255 single‑family for sale and a 161‑unit affordable rental community developed by Eden Housing). Under the proposed development agreement, the developer would transfer land and allocate units so that the inclusionary rate for market‑rate units at Canopy…
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