Subdivision Approval
Summary
Folsom just greenlit Aerojet's 'Area 40' housing project, paving the way for brand new residential developments in the city. If you've been watching the local real estate market, this is a major step toward bringing more homes to the area.
At a glance
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Impact analysis
Expect a boost in local construction activity and future property tax revenue, though it could also mean more spending on municipal infrastructure down the road.
Homebuyers looking for new options and developers eager to build will reap the rewards of this greenlit project.
Current residents who aren't fans of growing pains, traffic, or crowded neighborhoods might feel the squeeze.
Mentions & discussions (1)
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