Eastern Placer County Launchpad Program - Pending Approval
Partner Agency:
Amount Funded:
$3,000,000
Funding Committee(s):
TOT Advisory
- Financial incentive program designed to create new, deed-restricted housing units for local workers in eastern Placer County.
- Housing may be created through new construction or the conversion of non-residential spaces into residential units.
- The pilot program received four eligible applications and awarded two funding reservations, resulting in the creation of four new housing units.
- Incentives are based on project type:
- $200,000 per unit for multifamily housing, condominiums, townhomes, residential conversions, or other qualifying project types
- $125,000 per unit for Accessory Dwelling Units (ADUs)
- $50,000 per unit for Single-Room Occupancy (dorm-style) units
- Programs aims to create 15-18 new housing units with 2025-26 Annual Grant Cycle funding.