is an effort to jumpstart development by improving the economic feasibility for stalled projects:
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Development Fee Collection Procedure
This Ordinance would allow the Department of Building Inspection (DBI) to collect development impact and in-lieu fees at the issuance of the certificate of occupancy instead of the site permit issuance.
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Affordable Housing Transfer Fee Restriction Alternative for Inclusionary and Jobs Housing Linkage Programs
This Ordinance would add an alternative for compliance with the Jobs Housing Linkage Program and the Residential Inclusionary Affordable Housing Program by allowing a project sponsor to defer 33% of its obligation under either Program in exchange for recording an Affordable Housing Transfer Fee Restriction on the affected property providing that 1% of the value of the property be paid to the Citywide Affordable Housing Fund at every future transfer of the Property.
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Development Impact and In-Lieu Fees
This Ordinance would authorize the payment of in-lieu fees at the issuance of the first building permit for the project, with an option for the project sponsor to defer payment to issuance of the first certificate of occupancy, by requiring that any in-kind public improvements required in-lieu of payment of development fees are implemented prior to issuance of the first certificate of occupancy for the project.
