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In a Compromise, Coronado Will Phase In Higher Affordable Housing Fees
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In a Compromise, Coronado Will Phase In Higher Affordable Housing Fees
A new apartment development under construction in Southern California. iStock / Wirestock When a developer builds a subdivision project with two or more units, there are two choices: Provide affordable housing, or pay a fee. It’s known as a housing in-lieu fee, and Coronado’s is increasing for the first time since 1993. It will increase over the span of several years in effort to mitigate any potential shocks to the real estate market. The appro…
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