In a significant move to address the growing need for affordable housing, the Folsom City Council has authorized the issuance of $25 million in bonds to finance the Harrington Grove project. This initiative aims to provide 52 units for low-income households on a 1.74-acre site at 791 Harrington Way. The bond issuance, facilitated by the California Municipal Finance Authority (CMFA), will not impose financial liability on the city but will help reduce overall project costs through tax-exempt financing.
Detailed Overview of the Harrington Grove Project
Set against the backdrop of increasing demand for affordable housing, the city of Folsom has embarked on an ambitious project to construct Harrington Grove, a residential complex designed to cater to low-income families and individuals. Located at 791 Harrington Way, this development will span 1.74 acres, previously zoned for business-professional use but now permitted under mixed-use guidelines due to an overlay district along East Bidwell Street. The approval process involved multiple stages, including recommendations from the Folsom Planning Commission in November 2024 and a previous council-approved loan of $2.7 million last July.
The project, led by Folsom Pacific Associates II, LP, will consist of two three-story buildings with a combined total of 52 units. These include one-, two-, and three-bedroom apartments ranging from 571 to 1,113 square feet. Notably, the first building will feature a 2,800-square-foot community center on its ground floor, equipped with amenities such as a leasing office, fitness area, and laundry facilities. The second building will house the remaining residential units. All residences will come with in-unit washers and dryers, covered patios or balconies, and outdoor storage closets.
To preserve the neighborhood's aesthetic appeal and minimize disruption, existing fences and sound walls will remain intact. Two new driveways will enhance access, and 78 parking spaces, including 31 EV-ready spots, will be provided. Pedestrian pathways will ensure seamless connectivity within the development. Outdoor amenities like a children’s play area, dog run, and stormwater basin will promote a sustainable living environment. The project is expected to take 2-3 years to complete, aligning with the city’s zoning regulations and planning efforts.
From an environmental perspective, the project was deemed exempt from additional review under CEQA, emphasizing its alignment with local guidelines. A TEFRA hearing allowed public input on the financing aspects, ensuring transparency in the approval process.
The CMFA, established in 2004, will oversee the bond issuance, which remains cost-efficient for the developer due to its tax-exempt status. Any issuance fees collected may benefit Folsom’s general fund, supporting local programs and services.
As the city moves forward with this initiative, it underscores its commitment to fostering a welcoming and inclusive environment for its residents. The development of Harrington Grove represents a significant step towards addressing the region's housing challenges while promoting sustainability and community well-being.
Reflections on the Impact of the Project
From a journalist's perspective, the approval of the Harrington Grove project marks a pivotal moment in Folsom's efforts to tackle the affordable housing crisis. By leveraging innovative financing mechanisms and thoughtful urban planning, the city is setting a commendable example for other municipalities facing similar challenges. The inclusion of community amenities and sustainable design elements further enhances the project's positive impact on both residents and the environment. Ultimately, this development symbolizes a balanced approach to growth, prioritizing social equity and ecological responsibility.
