Description
Title: Exploration of a Scaled Development Fee Framework and Deferred Development Impact Fees. (Ortiz, Cohen, Mulcahy, and Casey)
Summary
The document outlines a proposal from San José's City Council to explore a scaled development fee framework and deferred development impact fees (DIF). The recommendations aim to evaluate options for adjusting development fees based on project characteristics such as size and affordability, and to allow fees to be paid at the Certificate of Occupancy rather than earlier stages. This approach is intended to alleviate financial burdens on developers, particularly for smaller and community-serving projects, thereby encouraging housing production and economic growth. The proposal also seeks to align the City’s funding availability cycles with state timelines, enhancing project feasibility. Overall, these measures are crucial for improving housing affordability and infrastructure funding in San José.