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After Pushback, City Will Reconsider Recent Housing Fee Increase
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After Pushback, City Will Reconsider Recent Housing Fee Increase
When a developer builds a subdivision project with two or more units, there are two choices: Provide affordable housing units, or pay a fee. It’s known as a housing in-lieu fee, and the revenue from it is used by the city on its own affordable housing projects. Since 1993, Coronado’s has been $7,000 per unit, which is lower than that of other coastal cities. At an April 15 meeting, the Coronado City Council voted to increase the fee to $59 per s…
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