Citrus Heights
REAL ESTATE
Folsom greenights $2.7M loan for new Affordable Housing Project
On Tuesday night, the Folsom City Council approved a $2.7 million loan for the development of a new affordable housing project in the city. The loan, conditionally approved through Resolution No. 11234, will support Pacific West Communities, Inc. in the construction of 52 affordable housing units at the proposed Harrington Grove development.
Affordable First-time Homebuyer Opportunity in Folsom
Habitat for Humanity of Greater Sacramento announces it is accepting applications for a new development in Historic Folsom. The homes will be developed on the northeast corner of Coloma and Persifer streets. The project includes five two-story homes and five cottages and will provide affordable homeownership opportunities for low-income households.
Settlement reached in California suit over permitting fee fraud
SAN DIEGO, Calif. (CN) — A large, corporate residential landlord operating in Southern California has agreed to an almost $20 million settlement over unpaid permitting fees. Dallas-based Invitation Homes faced a lawsuit from Blackbird Special Project, LLC, a relator in the case. Blackbird claimed in 2020 that Invitation Homes got building permits for a fraction of some 12,000 homes it bought and renovated in cities like Los Angeles, San Diego, Sacramento and other cities. The suit later was amended to add a total of 35 cities in the Golden State.
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