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Board narrowly approves $12M TEFRA bond authorization for Diamond Village phase 2 after traffic and safety debate
Summary
After extended debate about evacuation routes and road capacity, the board approved a TEFRA resolution authorizing up to $12 million in tax‑exempt bonds for Diamond Village Apartments phase 2, 3–2; the board also directed staff to develop a countywide resident‑preference/prioritization program and report back within six months.
The El Dorado County Board of Supervisors approved a TEFRA resolution March 10 authorizing up to $12 million in tax‑exempt bonds to support construction of Diamond Village Apartments phase 2, a 31‑unit affordable housing project restricted to households at or below 80% of area median income. The action passed on a 3–2 vote after supervisors debated whether authorizing the financing should proceed while nearby road capacity and evacuation concerns remain…
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