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Development fees may be in for another shake-up in Palo Alto

Original post made on Jan 11, 2017

Palo Alto approved last month a sharp increase to the fees that developers are required to pay to support affordable housing - making them the highest in the region - but the rates may be in for another revamp.

Read the full story here Web Link posted Wednesday, January 11, 2017, 12:09 PM

Comments (4)

17 people like this
Posted by hypocrisy
a resident of College Terrace
on Jan 11, 2017 at 9:56 pm

Sounds like Fine, Tanaka and Kniss are gung-ho about market rate development to house Millenial tech workers but don't particularly care about affordable housing for the less affluent members of the community who are barely scraping by. Not too surprising given their base, if not their rhetoric.

7 people like this
Posted by 6Kjockey
a resident of Green Acres
on Jan 12, 2017 at 11:13 am

6Kjockey is a registered user.

I agree with "hypocrisy". Fine, Tanaka, Kniss, and Scharf have consistently supported more new development at market rates no matter what they say during their campaigns. IMO by far the highest priorty for Palo Alto is to develop below-market-rate housing for lower income workers who cannot afford to live in Palo Alto. Reviewing the rates to be charged developers with the objective of lowering them is in direct conflict wit this goal.

10 people like this
Posted by SOFA MOM
a resident of Professorville
on Jan 12, 2017 at 11:23 am

@ hypocrisy and 6Kjockey,
Really? Why not make it $1000 sf, then you'd REALLY have some money to build affordable housing! I didn't hear the new Council members say they didn't want a fee but that you have to weigh it against what will actually get built if you have those fees. I see these exorbitant fees as a way for some of the residentialists to say they're "for" affordable housing because they support these fees when in fact it won't allow anyone to actually build any. We need fees and we need housing, so let's figure out where that number is so we'll get maximum benefit.

2 people like this
Posted by Curmudgeon
a resident of Downtown North
on Jan 12, 2017 at 1:23 pm

"That's [lower fees on smaller units] one way to actually encourage smaller units to be developed," Tanaka said at the Nov. 30 meeting. "And thus more housing stock available."

Right. Sure. In this market a few tens of thousand$$ fee difference is going to guide developers to make smaller, (very arguably) more affordable apartments. Where did this pilgrim come from?

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