Title
Reduced Residential Development Impact Fees for Affordable Dwelling Units Program Modifications
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FileID
File ID: 2024-01057
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution: (1) authorizing the City Manager or the City Manager's designee to modify the Reduced Residential Development Impact Fees for Affordable Dwelling Units Program ("Program") so that development impact fees are reduced up to a maximum of $10,000 for "affordable dwelling units" (as that term is defined in Resolution No. 2019-0185); and (2) authorizing the City Manager or the City Manager's designee to modify the Program to allow reduction of development impact fees for "affordable dwelling units" (as that term is defined in Resolution No. 2019-0185) at the time a letter of funding award is received for projects receiving Low-Income Housing Tax Credit ("LIHTC") or HomeKey funding (or future iterations of the LIHTC or HomeKey financing programs should the program names or other minor elements of the programs change) and establishing that, for all other projects not receiving LIHTC or HomeKey funding, the development impact fees for "affordable dwelling units" (as that term is defined in Resolution No. 2019-0185) may be reduced when the building permit for the project is "Ready to Issue."
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Contact
Contact: Ya-yin Isle, City Housing Manager, (916) 808-1869, yisle@cityofsacramento.org, City Manager's Office of Innovation and Economic Development; Matt Hertel, AICP, Long Range Planning Manager, (916) 808-7158, mhertel@cityofsacramento.org, Community Development Department
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Resolution
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Additional Description/Analysis
IssueDetail
Issue Detail: The Mitigation Fee Act authorizes local governments to impose fees on development projects to defray the cost of new or additional public facilities that are needed because of the development proje...
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