Berkeley To Consider Affordable Housing Fee Hikes
Berkeley planning staff is requesting City Council guidance during a workshop set for July 14, 2015, to discuss affordable housing mitigation fee program revisions based on the results of the city's 2015 nexus study update. Staff concludes that the fee could be increased from the current $20,000 per unit to $34,000 for apartments and $75,000 for condominiums and still provide the developer a "reasonable rate of return," according to the staff report. Full Story