By increasing the fees that Santa Cruz CA escorts admiral into a special reserved for eligible affordable housing projects, the council is hoping developers will choose to skip the payments and instead build the units themselves. The city has been called out in academic studies and reports for charging some of the highest cumulative developer fees in the state.
Although a little more than below-market-rate housing units have been Exclusive escorts Newport in that period, the city is about 2, units short of the targeted for construction or Valerie Virginia escort by to satisfy a regional housing goal set by the state and the Association of Bay Area Governments. Between andthe city will be expected to approve over 12, homes, more than half at below market-rate.
A controversial homeless center also was supported in part by affordable housing funds.
As another inducementthe council also lowered the percentage of minimum affordable housing units required within major projects if developers build them instead of paying in-lieu fees. SinceProstitutes Staten Island NY gwent a single developer chose to build all the required units into their project, according to city staff.
Resident Chris Cavette asked the the council to simply require developers to build affordable homes and do away with the in-lieu fees. Business Real Estate News News Based on facts, either observed and verified directly by the reporter, or reported and verified from Escort argentinas en Santa Barbara sources.
By Joseph Geha jgeha bayareanewsgroup.
And the fees would have been even higher if two council members got their way. Report an error Policies and Standards. More in Real Estate.