Mountain View City Council BMR Program
The Mountain View City Council will review and potentially adopt a jaw dropping $96/sq. ft. in lieu fees on rental units as part of the Phase 2 round of modifications to its affordable housing program. Phase 1 modifications were completed in 2018 and included increasing the rental inclusionary percentage from 10% to 15%, updating the BMR Rental In-Lieu Fee with a per-square-foot fee equivalent, and allowing developers to request alternative mitigation. Phase 2 changes include increasing the BMR ownership requirement to 15 percent and modifying the in-lieu fee methodology, as well as the proposed adoption of fee equivalencies at $96/sq. ft. for rental projects and $54.50/sq. ft. for ownership projects. The Mountain View City Council meeting is scheduled for Tuesday, June 18, 2019. To read the Staff Report click here. To read BIA comment letters click here, here, and here.