Hayward’s affordable housing impact fee on new residential development will increase 15 to 19 percent on Jan. 1, 2017, per the city’s previously adopted annual adjustment formula. But Councilmembers Al Mendall and Elisa Marquez successfully pushed for staff to bring back new analyses within six months of the feasibility of doubling the fee or more, noting that Hayward’s affordable housing impact fee is the lowest in Alameda County. Under the annual adjustment calculation adopted in 2015, the fee for a single-family detached for-sale unit will increase next year from $4 per sq. ft. to $4.61 per sq. ft. while the rate for an attached unit will rise from $3.24 per sq. ft. to $3.87 per sq. ft. The formula is based on the percentage change (increase or decrease) in the three-year trailing median home prices or local rents, as applicable. For questions or concerns, contact BIA’s Lisa Vorderbrueggen at 925-348-1956 or firstname.lastname@example.org
. Click here
to view the agenda and staff report from the meeting of Oct. 18, 2016. Click here
to view the meeting video.