The Oakland City Council will hold a public hearing on April 19, 2016, to consider a proposed new affordable housing impact fee program. Expected to go into effect on Sept. 1, 2016, the fee ranges from $750 to $7,000 per unit, depending on location. (The city is divided into three geographic zones.) Fees are proposed to increase again in July 2017 and July 2018, eventually reaching a range of $13,000 per unit to $24,000 per unit. BIA|Bay Area’s partners at the Jobs Housing Coalition successfully persuaded the Oakland Community and Economic Development Committee to phase in the fee over three years despite heavy pressure from affordable housing advocacy organizations to immediately levy the maximum rates. However, the affordable housing advocates are now objecting to the proposed inclusion of moderate income units as part of the eligible affordable housing mix. Applicants that provide a minimum of 25 percent affordable units on-site — 10 percent moderate, 10 percent low income and 5 percent very low income — would not be subject to the new affordable housing impact fee.
Click here to view the agenda and associated documents.
