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3. Belmont 17 Belmont adopted in January 2017 a new affordable housing fee program following its participation in a coalition with San Mateo County and other cities called "21 Elements." Starting on March 11, 2017, new residential for -sale projects of 25 or more units must set aside at least 15 percent of the units on-site for moderate income households. Smaller for - sale projects may build the units or pay an impact fee set at $20 per sq. ft. Rental developments will pay the fee. All commercial developments will pay a fee, as well, but at rates far lower than the maximum justified numbers in the nexus study. (Type (Maximum Current Fee Percentage of Maximum Justified Fee Justified Fee (estimated) Single-family $88,000 per unit Projects with 25 or more units must provide 45.5% detached or $44 per sq. ft. 15% on-site affordable to moderate income. Condos/Townhomes $103,500 per unit r $37,000 per unit or $24.67 per sq. ft. or $69 per sq. ft. Rental multifamily$103,500 per unit or $69 per sq. ft. Hotel - 1$151 iRetail 1$259 Office (and all uses ($247 not hotel or retail) 1 4. Berkeley Projects with fewer than 25 units may build units on-site or pay impact fee: $40,000 per unit or $20 per sq. ft. Projects with 25 or more units must provide 15% on-site affordable to moderate income. Projects with fewer than 25 units may build units on-site or pay impact fee: $30,000 per unit or $20 per sq. ft. $30,000 per unit or $20 per sq. ft. $5 $12 29% The city commissioned a residential rental development nexus study in 2010 in response to the Palmer decision. It updated its non-residential nexus analysis in 2012 and increased fees 12.5 percent in June 2014. In July 2016, the city upped its inclusionary percentage on market -rate projects from 10 percent to 20 percent of units and increased its rental unit fee to $34,000. The City Council in June 2017 upped the rental fee again by another $3,000 per unit to $37,000. The city requires for -sale residential developers to set aside 20 percent of units as affordable or secure an agreement with the city to pay an in -lieu fee based on a formula. 'Current Fee Fee of Maximum Justified Fee (estimated) For -sale residential 1$96,294 or $48 20% inclusionary or secure city approval to pay an in -lieu fee for NA per sq. ft. each of the units in the project that is equal to 62.5% of the difference between the permitted sales price for the inclusionary units and the amounts for which those units are actually sold b thea plicant Rental multi -family $84,391 per unit r $37,000 per unit or $24.67 per sq. ft. I 44% -- 2% 5% - 111812017 The city commissioned a residential rental development nexus study in 2010 in response to the Palmer decision. It updated its non-residential nexus analysis in 2012 and increased fees 12.5 percent in June 2014. In July 2016, the city upped its inclusionary percentage on market -rate projects from 10 percent to 20 percent of units and increased its rental unit fee to $34,000. The City Council in June 2017 upped the rental fee again by another $3,000 per unit to $37,000. The city requires for -sale residential developers to set aside 20 percent of units as affordable or secure an agreement with the city to pay an in -lieu fee based on a formula. 'Current Fee Fee of Maximum Justified Fee (estimated) For -sale residential 1$96,294 or $48 20% inclusionary or secure city approval to pay an in -lieu fee for NA per sq. ft. each of the units in the project that is equal to 62.5% of the difference between the permitted sales price for the inclusionary units and the amounts for which those units are actually sold b thea plicant Rental multi -family $84,391 per unit r $37,000 per unit or $24.67 per sq. ft. I 44% or $56 per sq. ft. Office $11.11 per sq. ft. $4.50 per sq. ft. 40.5% Retail/restaurant $12.19 per sq. it. _ _ _ _ _ $4.50 per sq. ft. 37% I4Mfg/industrial $7.03 per sq_ ft. $2.25 per sq. ft. _ 32% Hotel $13.91 per sq. ft. _ $4.50 per sq. ft _ 32% Warehouse/storage $4.37 per sq. ft. $2.25 per sq. ft. for warehouse and $4.37 for storage 51.5% R&D $5.38 per sq. it. ,$4.50 per sq. ft 84% 212612018