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IN-LIEU FEES <br />Different from the existing housing <br />impact fees. <br /> <br />Intended to capture the entire value of <br />providing an affordable unit over a 30 to <br />55 year term. <br /> <br />Will most commonly be used for <br />fractional units. <br /> <br />This prioritizes the inclusion of units in a <br />project, as opposed to “feeing out.” <br />Affordable Housing <br /> <br /> <br />Recommend <br />$400,000 / unit for <br />rentals. <br /> <br />