IT ALL ADDS UP: THE COST OF HOUSING DEVELOPMENT FEES IN SEVEN CALIFORNIA CITIES
Author: Sarah Mawhorter, David Garcia and Hayley Raetz
Release Date: March 2018
Development fees—which cities levy to pay for services needed to build new housing or to offset the impacts of growth on the community—make up an increasingly significant portion of the cost to build new housing in California cities.
Part of our Cost of Building Housing Research Series, the report looks at the amount, variability and transparency of development fees in seven California cities—Berkeley, Oakland, Fremont, Los Angeles, Irvine, Sacramento and Roseville.
SV Business Times: City fees add $150,000 to cost of each new home in Fremont