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

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48. Union City With no public discussion about the impacts, the Union City City Council directed staff on April 11, 2017, to draft and bring back ordinance language that would impose an affordable housing impact fee on new rental homes starting at $10 per sq. ft. and increase by $1 per sq. ft. per year for the next three years to $14 per sq. ft. The council also gave the go-ahead for revisions to the city's affordable housing fee program for market -rate homes. Currently, for -sale housing developers must set aside 15 percent of the units as affordable, pay an in -lieu fee or reach an alternative in -lieu compliance agreement with the city. The council called for the elimination of the alternative compliance option and set a single in -lieu fee of $20 per sq. ft. for the first year, which will increase to $22 per sq. ft. in the second year and be adjusted annually based on the CPI. The rates as specified under the new structure are lower than the existing in -lieu fees for all but the smallest units although many developers have negotiated far less costly deals through the soon -to - be -defunct alternative compliance program. ITYpe Single-family detached Condos Townhomes Rental multi -family (Office Retail a Restaurant Hotel Industrial it Manufacturing Warehouse a Storage Maximum Justified Fee $55,600 per unit or $27.80 per sq. ft. $51,900 per unit $34.60 per sq. ft. $44,400 per unit or $29.60 per sq. ft. $63,750 per unit or $42.50 per sq. ft. $144.90 per sq. ft. 250.30 per sq. ft. 117.70 per sq. ft. $113.30 per sq. ft. $40.90 per sq. ft. (Current Fee Percentage of Maximum Justified Fee (estimated) 115% inclusionary or in -lieu uivalent of $27 per sq. ft. 15% inclusionary or in -lieu equivalent of $27 per sq. ft. 15% inclusionary or in -lieu equivalent of $27 per sq. ft. INo fee No fee No fee INo fee INo fee-- INo fee - — - -- - - - arzvzon 30