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AgdaPkt 2018-05-21 Joint SA PFA
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AgdaPkt 2018-05-21 Joint SA PFA
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Last modified
5/22/2018 3:10:38 PM
Creation date
5/17/2018 5:10:42 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
5/21/2018
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35. San Francisco <br />Based on a 2007 residential nexus study, the city's fees vary depending on the number of bedrooms. Developers may build <br />some of the affordable units on-site as an alternative to paying the fee. Voters in June 2016 voted to more than double <br />San Francisco's affordable housing requirement for new projects to 25 percent, up from 12 percent. The ballot measure <br />included a provision that allows the city controller to recommend lower percentages if deemed to be economically <br />infeasible. Based on a 2007 residential nexus study, the city's fee vary depending on the number of bedrooms. Developers <br />may build some of the affordable units on-site as an alternative to paying the fee. <br />Type <br />Maximum Justified Fee <br />Current Fee <br />Percentage <br />of Maximum <br />Justified <br />Fee (est.) <br />(Single-family <br />Precise per unit or per sq. <br />'Based on number of bedrooms: A studio units costs <br />NA <br />ft. fee not specified in <br />$34,300 while a three-bedroom unit costs $74,600. Fee <br />(detached <br />2007 nexus analysis. <br />applies to all market -rate units. Developer may apply for <br />Consultant simply <br />an alternative to the fee: Provide 12% of their units on - <br />concludes that the results <br />site or 20% of their units off-site as affordable to low- to <br />of the study support city's <br />moderate -income households. (These percentages are <br />inclusionary percentages <br />higher in certain parts of the Eastern Neighborhoods Plan <br />and in -lieu fee. <br />Area.) <br />Townhomes <br />IB condos <br />Same as above. <br />Same as above. <br />NA <br />Rental <br />Same as above. <br />Same as above. <br />NA <br />multifamily <br />Office <br />1$24.61 per sq. ft. <br />Retail <br />- - <br />$22.96 per sq. ft. <br />Hotel <br />($18.42 per sq. ft. <br />Industrial <br />1$19.34 per sq. ft. <br />- - <br />11412017 <br />Adjusted <br />annuatty based on the Engineering News Record Construction Index. <br />1 23 <br />
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