Editorial: California Housing Prices Are Too Damn High. Cities Can Help Change That If They Want to
Share
[aggregation-styles]
Los Angeles Times Subscription
The cost of building new housing in California is too damn high. And one reason is all the pricey development fees layered on new apartments, single-family homes and even affordable housing projects.
Cities throughout the state collect an assortment of fees from builders to raise money for such things as parks, schools, public art, affordable housing, transportation, environmental protection, fire and police service and city facilities such as libraries and sewer systems. These “impact fees” are designed to help cities offset the costs of serving the residents who will move into the new homes.
But all those fees add up. In Los Angeles, impact fees cost almost $14,000 per unit for apartments and condominium projects and $11,000 for single-family homes. In Irvine, the same fees are $22,000 and $16,000, respectively. The Bay Area suburb of Fremont charges fees that add up to $22,000 per apartment and a whopping $35,000 for a single-family house. That’s according to a report commissioned by state lawmakers and prepared by the UC Berkeley Terner Center for Housing Innovation.
Read More →
Los Angeles Times Subscription
The cost of building new housing in California is too damn high. And one reason is all the pricey development fees layered on new apartments, single-family homes and even affordable housing projects.
Cities throughout the state collect an assortment of fees from builders to raise money for such things as parks, schools, public art, affordable housing, transportation, environmental protection, fire and police service and city facilities such as libraries and sewer systems. These “impact fees” are designed to help cities offset the costs of serving the residents who will move into the new homes.
But all those fees add up. In Los Angeles, impact fees cost almost $14,000 per unit for apartments and condominium projects and $11,000 for single-family homes. In Irvine, the same fees are $22,000 and $16,000, respectively. The Bay Area suburb of Fremont charges fees that add up to $22,000 per apartment and a whopping $35,000 for a single-family house. That’s according to a report commissioned by state lawmakers and prepared by the UC Berkeley Terner Center for Housing Innovation.
Read More →
By The Los Angeles Times Editorial Board | 28 Feb 2020
RELATED TOPICS:
Two Teens Charged in Shooting Death of Caleb Quick
Local /
11 hours ago
Soviet-Era Spacecraft Plunges to Earth After 53 Years Stuck in Orbit
Science /
11 hours ago
Tax the Rich? Slash Spending? Republicans Wrestle With Economic Priorities in the Trump Era
Politics /
11 hours ago
Experts Call Kennedy’s Plan to find Autism’s Cause Unrealistic
Politics /
12 hours ago
Trump’s Trip to Saudi Arabia Raises the Prospect of US Nuclear Cooperation With the Kingdom
World /
12 hours ago
Oh Ohtani! Dodgers Star Hits 3-Run Homer in Late Rally Victory Over Diamondbacks
Sports /
12 hours ago
Tariff Talks Begin Between US and Chinese Officials in Geneva
Economy /
12 hours ago
US-China Tariff Talks to Continue Sunday, an Official Tells The Associated Press
GENEVA — Sensitive talks between U.S. and Chinese delegations over tariffs that threaten to upend the global economy ended after a day of pr...
Economy /
5 hours ago
Categories
Latest
Videos

Economy /
5 hours ago
US-China Tariff Talks to Continue Sunday, an Official Tells The Associated Press

Local /
11 hours ago
Two Teens Charged in Shooting Death of Caleb Quick

Science /
11 hours ago
Soviet-Era Spacecraft Plunges to Earth After 53 Years Stuck in Orbit

Politics /
11 hours ago
Tax the Rich? Slash Spending? Republicans Wrestle With Economic Priorities in the Trump Era

World /
4 days ago