Building fee rule changes to be considered 

Potential changes to the way that San Francisco charges fees to developers in exchange for construction permits will be considered Monday.

Builders and developers argued last year that The City’s development impact fees, which are used to fund affordable housing projects, parks and other public amenities, were slowing or halting construction projects in a depressed economy.

In November, Mayor Gavin Newsom introduced legislation that would allow developers to reduce payment of affordable housing fees by 33 percent in exchange for an agreement that 1 percent of the purchase price will be paid to The City every time the property is sold.

“By improving the financial viability of development on the margin, individual projects will be easier to finance when the overall market improves and construction lending is once again available,” the legislation stated.

On Monday, The City’s Capital Planning Committee is scheduled to discuss the proposal.

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A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
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