Density bonus fees get denser
Tuesday, October 16, 2018 by Elizabeth Pagano
It’s official, and it’s already in effect. The city has recalibrated a handful of density bonus affordable housing fee-in-lieu rates and, according to an Oct. 10 memo from Neighborhood Housing and Community Development Director Rosie Truelove, the new rates took effect on Oct. 1. So, as of now, rates in the Justin Lane/North Lamar, Martin Luther King Jr. and Plaza Saltillo transit-oriented development districts have risen from $11 per bonus square foot to $12. Planned unit development rates have also risen a dollar, from $6 to $7.
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