Affordable housing coming to Martis Valley
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.
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.