Business & Real Estate

Placer County approves single-family homes in Penryn

A rural Placer County development that attracted opposition as an apartment complex received broad support Tuesday as a subdivision with single-family homes.

A representative for Penryn Development LLC told the Placer County Board of Supervisors on Tuesday that the company could not get favorable financing to build apartments off Highway 80 in Penryn. Apartments are generally being built only in places like downtown Sacramento and the Bay Area, the representative said.

County supervisors unanimously supported the switch to single-family homes for the Orchard at Penryn, which calls for 54 houses instead of 150 apartments as originally approved in 2012. Supervisors had to rezone the land to approve the new project, switching it from multifamily housing and commercial to single-family residential.

Residents who spoke Tuesday had no objections to the project planned on 15 acres near Penryn and Taylor roads.

Opponents in Penryn and Loomis had appealed the apartment complex, saying it violated county density rules. The board rejected two appeals in 2012 on 4-1 votes.