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

Browse Search

15. Fremont Following the adoption of new rates in March 2015, market -rate residential fees rose in July 2015 from $19.50 per sq. ft. to $22.50 per sq. ft. for single-family units on lots of 6,000 sq. ft. or greater. All other units remain $19.50 per sq. ft. The city set the rental fee at $17.50 per sq. ft. In an effort to encourage developers to build the affordable units rather than pay a fee, the city is offering incentives for developers who construct the subsidized housing on-site. BIA submitted a review of the KMA nexus study by Development Financial Advisors, and also submitted a legal analysis of post -Palmer nexus studies prepared by attorney Geoff Robinson of Perkins Coie. The city released a non-residential nexus study in March 2017 and in mid-June adopted commercial linkage fees starting at $1 per sq. ft. on January 2018. Type Current Fee ` Maximum Current Fee Justified Fee (estimated) Justified Fee $36,360 per unit or Single-family$66,000 detached per unit or $45,000 per unit or $22.50 per sq. detached $27,270 per unit or $18.18 per sq. ft. $26.40 per sq. ft. Townhomes $47,700 per unit or $31.80 per sq. ft. Multi-family$46,750 57% per unit or $29,250 per unit or $19.50 per sq. (Rental multifamily $47,300 per unit or $47.89 per sq. ft.($27,270 ($30.50 per sq. ft. 58% Rental $18.18 per sq. ft. 1$27,800 per unit or per unit or $17.50 per sq. multifamily None. 1$32.70 per ($26,250 -- Office 'Adjusted annually based on the change in the ENR Construction 1$184 per sq. ft. $4 per sq. ft. Retail 15279 per sq. ft. Hotel 1$133 per sq. ft. Light industrial, 1$132 per sq. ft. manufacturing Warehouse 1$48 per sq, ft. 16. Hayward $4 per sq. tt. $1 per sq. ft. $1 per sq. ft. Percentage of Maximum Justified Fee (estimated) ft. 85% 74% ft. 1 53.5% 3% 7 31212018 The Hayward City Council tightened its affordable housing ordinance and adopted a nearly fourfold increase in its in -lieu fee to $18.18 per sq. ft. in late 2017. The fee applies to for -sale and rental residential developments, as allowed under AB 1505 signed into law in 2017. Other new rules that went into effect on Feb. 1, 2018, include permanent affordable restrictions on the low income units rather than the previous 35 and 45 year limitations, annual fee adjustments based ENR's Construction Cost Index and reduced parking requirements for project near mass transit hubs. Type Maximum Justified Fee Current Fee ` Percentage of Maximum I Justified Fee (estimated) 'Single-family $57,800 per unit or $28.90 per sq. ft. $36,360 per unit or 63% detached $18.18 per sq. ft. (Condos (low density) $67,350 per unit or $44.90 per sq. ft. $27,270 per unit or $18.18 per sq. ft. 40.5% Townhomes $47,700 per unit or $31.80 per sq. ft. $27,270 per unit or 57% $18.18 per sq. ft. (Rental multifamily $47,300 per unit or $47.89 per sq. ft.($27,270 per unit or 58% $18.18 per sq. ft. Non-residential Not studied. NA None. - 2/27/2018 'Adjusted annually based on the change in the ENR Construction Cost Index 10