The Folsom City Council on June 23 approved Toll Brothers at Alder Creek, a new for-sale housing project in the city’s Folsom Plan Area on the south side of Highway 50. Through Resolution 11643, the council signed off on three linked items: a vesting tentative subdivision map (the official plan that divides the land into individual home lots and locks in the rules the builder gets to rely on), a planned development permit (the custom zoning approval that sets the project’s specific design standards), and an inclusionary housing plan (the developer’s required strategy for providing or paying for a share of affordable homes). For prospective buyers, the approval means Toll Brothers can now move toward pulling building permits and eventually marketing homes in this neighborhood. For existing residents, it means more rooftops, more traffic, and a builder legally committed to either including below-market units in the project or meeting the city’s affordability requirement another way spelled out in the approved plan.
The council also approved Resolution 11659, authorizing a $1.55 million purchase and sale agreement to buy two parcels — identified by assessor numbers 070-0046-026 and 070-0042-002 — using money from the Folsom Housing Fund (a dedicated city account, fed largely by developer fees, that can only be spent on affordable housing). The city is essentially banking land now so it can later partner with an affordable housing builder to put deed-restricted apartments or homes on the site. At $1.55 million, this is a modest land purchase by Sacramento-region standards — enough for a small infill affordable project rather than a large complex — but it gives Folsom direct control over where its next affordable units get built instead of waiting for a developer to bring a site forward.
Finally, the council adopted Resolution 11650, authorizing a cooperation agreement with the Sacramento Housing and Redevelopment Agency (SHRA) — the joint city-county agency that runs federally funded housing programs across the region — for the 2027 through 2030 cycle of the Community Development Block Grant (CDBG) program, the U.S. Department of Housing and Urban Development’s main funding stream for local housing, neighborhood, and anti-poverty projects. By signing on for another four years, Folsom stays part of the regional “urban county” pool that qualifies for a larger combined CDBG allocation than Folsom could draw on its own. In practical terms for residents, that participation supports things like home repair help for lower-income homeowners, accessibility upgrades, and grants to local nonprofits serving Folsom neighborhoods.
What’s coming up: The Alder Creek subdivision will return in future meetings as Toll Brothers submits final maps and building permits, and the city’s $1.55 million land buy will eventually come back to the council when staff selects an affordable housing partner to develop the site. Residents interested in weighing in can track upcoming agendas at the city clerk’s office.