Fremont to raise fees for developers who don’t build affordable homes

FREMONT — In a bid to encourage developers to build more affordable housing, the Fremont City Council has launched a two-prong approach that will dig deeper into the pocketbooks of those who don’t and give some breaks to those who do.

By increasing the fees that go into a special account reserved for eligible affordable housing projects, the council is hoping developers will choose to skip the payments and instead build the units themselves.

Otherwise, the developers will see their affordable housing in-lieu fees rise from $26 per square foot for houses and $27 for townhouses to $44 per square foot for both, starting on Jan. 1, 2024.

And the

→ Continue reading at Silicon Valley

More from author

Related posts

Advertisment

Latest posts

More than 4,000 without power in Gilroy, Morgan Hill

More than 4,000 without power in Gilroy, Morgan Hill Two power outages have left more than 4,000 people...

Los Gatos community briefs for the week of Oct. 22

Artist Sawyer Rose talks about “Anne,” a recent addition to her “Carrying Stones” exhibit at New Museum Los Gatos. Rose...

Chan-Zuckerberg program aims to drive Black homeownership, equity

Faced with historic gentrification in Oakland, the Chan Zuckerberg Initiative has launched a pilot program to help low-income home owners re-develop their properties with...