AgdaPkt 2018-05-21 Joint SA PFA - Laserfiche WebLink

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1. Albany The Albany City Council held a public hearing on April 3, 2017, to discuss the findings of a residential and non-residential affordable housing nexus study which purport to justify fees of $38.60 to $44 per sq. ft. on new housing for affordable units. The report was prepared as part of a coordinated work program for twelve jurisdictions in Alameda and Santa Clara Counties. Silicon Valley Community Foundation with Baird + Drisketl Community Planners organized and facilitated this multi -jurisdiction effort. Silicon Valley Community Foundation, which engaged KMA to prepare the analyses, serves as the main contracting entity with each participating jurisdiction, and has provided funding support for coordination and administration of the effort. Type Maximum Justified Fee Single-family $77,200 per unit or detached $38.60 per sq. ft. Townhome $66,00 per unit or $44 per sq. ft. Condo $51,150 per unit or $34.10 per sq. ft. (Multi -family rental $58,800 per unit or $39.20 per sq. ft. (Office 1$144.90 per sq. ft. Current Fee 15% of units in market -rate projects with five or more units must be set aside as affordable units. The applicant may request to pay an in -lieu fee but City Council must approve it. Fee on rental developments suspended after Palmer decision. See note above note note above fee 1515U.3U per sq. tt. No tee 1$117.70 per sq. ft. No fee Industrial 1$113.30 per sq. ft. No fee 2. American Canyon Percentage of Maximum Justified Fee NA NA NA NA NA American Canyon expanded its affordable housing impact fee in February 2016 to include commercial and rental residential projects. For -sale residential developers must still either construct 10 percent of the units on-site as affordable or pay impact fee if it is determined that building affordable units on site is not feasible. The new fee, however, is lower than the old rate which was the equivalent of $3.19 to $3.82 per square foot. Type Maximum Justified Fee Current Fee Percentage of Maximum Justified Fee (estimated) Single-family detached $27,380.00 per unit or 10% mandatory inclusionary unless NA $13.69 per sq. ft. applicant shows building units on site is infeasible. Condos/Townhomes $8,505.00 per unit or $5.67 Same as above. 53% per sg ft. Rental multifamily $35,460 per unit or $23.64 $5,250 per unit or $3.50 per sq. 15% per sq. ft. ft. Retail 1$16.60 per sq. ft. '75 cents per sq, ft. 5% Hotel 1$31.95per sq. ft. 75 cents per sq. ft. 2% J Food/Wine Production - 1518.58 per sq. ft. - 50 cents per sq. ft. 2.7% Warehouse- I-5.36 per sq. ft. 50 cents per sq. ft. 9% ___ _ 3/22/2016 �3 R