Tuesday, March 5, 2013

Emeryville chews on new development fee to pay for affordable housing

The City of Emeryville is looking at using development impact fees to fund affordable housing — a challenge many California cities want to tackle.At a meeting Tuesday evening, the City Council will consider giving consulting firm Keyser Marston Associates Inc. a $68,000 contract to study the creation of a new impact fee.The firm will look at whether the fee would apply to market-rate residential development, commercial development, how much it should be, and how such a fee would add to total…

Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]

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