Description
Title: Exploration of a Scaled Development Fee Framework and Deferred Development Impact Fees. (Ortiz, Cohen, Mulcahy, and Casey) - DEFERRAL REQUESTED PER ADMINISTRATION
Summary
The San Jose City Council is exploring a framework to adjust development fees and payment timelines in response to ongoing housing affordability and economic challenges. The proposed legislation, led by Councilmember Ortiz and supported by other members, aims to create a scaled development fee structure that considers project size, affordability, public benefits, and location. This framework intends to alleviate financial burdens on smaller projects and enhance community-serving developments. Additionally, it suggests implementing deferred payment options for Development Impact Fees (DIF) and related fees, allowing payments at the Certificate of Occupancy stage rather than during earlier permitting phases. Aligning the city’s funding availability cycles with state business cycles is also recommended to streamline project financing. This initiative is significant as it seeks to boost housing production, particularly affordable housing,