Supervisors approve TUMF credits for Newport Road CFD funding

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Property owners in the Newport Road Community Facilities District will be paying some of that assessment to fund regional facilities. A 5-0 Riverside County Board of Supervisors vote Tuesday, Oct. 20, approved a Transportation Uniform Mitigation Fee credit agreement between the county and Lennar Homes of California Inc. The community facilities district will be used for the regional system of highways and arterials payments which are normally a part of the TUMF program. Lennar Homes or an entity which subsequently builds the structures will receive a credit of $1,775 per single-family residential unit and $2.10 per square foot for commercial structures. Lennar Homes, if not a successor, will build 62 single-family homes. The property is within the boundaries of the Newport Road Commu
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