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

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31. Redwood City Redwood City in early 2016 established new affordable housing impact fees on residential development of five or more units and non-residential developments of more than 5,000 square feet. Unlike other communities that have adopted affordable housing impact fees, however, Redwood City will reduces fees by 25 percent for developers that pay wages at levels identified in an area standard wage policy. Developers may build affordable units in lieu of fees contingent upon approval of an affordable housing plan. But in late 2017, in response to Gov. Jerry Brown's signing of AB 1505, which superseded the Palmer case and allowed cities to impose inclusionary requirements on new rental residential developments, the city initiated a process to enact an inclusionary housing ordinance and possibly amend its affordable housing impact fee regulations. Type Maximum Justified Fee Current Fee (Single-family $76,000 per unit or $38 per sq. ft. $50,000 per unit or $25 per sq. ft. detached Townhouse( $63,000 per unit or $42 per sq. ft. 1$37,500 per unit or $25 per sq. ft. Condominium 1$69,000 per unit or $46 per unit 1$30,000 per unit or $20 per sq. ft. Apartments 1$100,500 per unit or $67 per unit_ 1$30,000 per unit or $20 per sq. ft. Hotel $142 per sq. ft. 1$5 per sq. ft. Retail, $249 per sq. ft. $5 per sq. ft. Restaurants, Services Office, Medical 1$222 per sq. ft. _ 1$20 per sq. ft Office, RB:D 32. Richmond Percentage of Maximum Justified Fee (estimated) 66% - 47% —� 43% 30% - —� 3.5% 2% 212612018 A majority of the Richmond City Council voiced support in February 2018 for boosting the city's inclusionary housing requirements along with expanding the ordinance to include rental developments. The city is also looking at adopting a modest commercial linkage fee. Among the more unique ideas is a staff recommendation to create inclusionary fee zones, where the lower value areas of town including downtown would see a modest fee or even no fee. Staff expects to return to the City Council in mid -2018 with an updated economic feasibility study and several councilmembers said they also want to hold community meetings before making any final decisions. Type (Single-family detached Townhomes/condos (Rental multi -family Office Retail & restaurant Industrial, manufacturing, R&D warehousing & storage Maximum Justified Fee Current Fee' ($26,400 per unit or $13.20 per sq. ft. Ilnclusionary in -lieu fee equivalent of $16,000 per unit or $8 per sq. ft. $22,800 per unit or $15.20 per sq. ft. Ilnclusionary in -lieu fee equivalent of $12,000 per unit or $8 per sq. ft. 1$38,700 per unit or $25.80 per sq. ft. INo fee $122.10 per sq. ft. No fee 1$159.70 per sq. ft. INo fee $66.20 per sq. ft. No fee .90 i$29per sq. ft . -- - — To fee Percentage of Maximum Justified Fee (estimated) 61% 53% Residential projects of 10 or more units must provide as affordable a percentage of the project within a menu of options including 17 percent for moderate income families, 15 percent for low-income families, 10 percent for very -low income households or 25 percent for senior projects. Developers may also pay an in -lieu fee equal to 7 percent of construction costs for non -inclusionary units. 21