Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How can the effect of impact fees on affordable housing be mitigated?

0
Posted

How can the effect of impact fees on affordable housing be mitigated?

0

Since affordable housing creates a demand for public facilities just as does market-rate housing, they also have an impact fee obligation. However, there are several ways to reduce the “impact” of impact fees on affordable housing. First, variable rates based on unit size or number of bedrooms can recognize the lesser impact of smaller units on pubilic facilities. And second, local government can make a policy decision to pay the impact fees for affordable units from other revenue sources.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123