City to purchase 15-acre Laguna parcel for affordable housing, transportation oriented development

At tomorrow night's meeting, the Elk Grove City Council is expected to approve the purchase of a 15.14-acre parcel in Laguna for future affordable housing. 

The parcel being considered for a purchase price of $2.9 million is located on the northeast corner of Bruceville Road and Big Horn Boulevard in the northern portion of the city's Laguna area. The parcel is to be purchased with money from the city's affordable housing fund. 

According to the staff report prepared by  Julie Cline, real estate manager, and Sarah Bontrager, housing and public services manager, the parcel is well-suited for transportation-oriented development and affordable housing units. The report says it "is not contiguous to any residential neighborhood and Laguna Creek provides a natural buffer with the northerly Sheldon Farms North planned residential development."

Although the city intends to purchase the land as part of its so-called regional housing needs allocation, there are no specific plans for the area. The staff report notes  the city could "eventually choose one or more developer partners to construct projects at the site, with the intent to make use of some of the new funding being made available by the State to support housing construction" and interest "from the affordable housing development community has been high."

The item is on the city council's consent calendar and is expected to be approved without discussion.  

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