Affordable housing coming to Martis Valley
February 21, 2008
The 2006 settlement over development in the Martis Valley didn’t just guarantee open space preservation it also set requirements for affordable housing.
Hopkins Village ” a planned 10-acre, 50-unit affordable housing development off Schaffer Mill Road ” is one result of the agreement between conservation groups and developers in the valley.
The project is expected to be under full-scale construction this spring, and may open by next winter, officials said.
“Hopkins has a pretty long history, but it was originally approved for 65 units, a golf course, and a club house,” said Keith Franke of DMB/Highlands Group. “What happened is we ended up being in litigation over Siller Ranch [now Martis Camp], and this became one of the offerings of the settlement.”
Of that original 279 acres, 42 will be given to a third-party trustee for additional workforce housing, 10 acres will become Hopkins Village, and the rest (227 acres) will be open space, Franke said.
The 50 units planned by DMB/Highlands will be deed-restricted, for-sale units targeting residents who make between 50 and 140 percent of Placer County median income, Franke said.
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Placer County median income for a family of four as of 2006 was $65,400, according to http://www.placer.ca.gov.
The new, 3-bedroom, 2.5-bathroom units should fill a niche within the affordable housing market, said Tom Ballou, housing services director for the Workforce Housing Association of Truckee Tahoe.
“It’s a good range; a good mix of affordable housing,” Ballou said. “And spreading affordable housing around the area is the way to go.”
Franke said DMB/Highlands’ goal was to build for-sale units that would work for people making too much money for some of the lower-priced affordable housing, but too little for market-rate homes.
Ballpark figures for the units have not been determined yet, Franke said, but initial offerings and pre-qualification could begin this summer.
Also part of the settlement over Martis Valley, the 2,177-acre Martis Camp will generate an estimated $72 million over 25 years from lots sold to fund affordable housing and open space.
The gated community will include 650 units, an 18-hole golf course and a lift connection to Northstar-at-Tahoe.