Inclusionary Housing In-Lieu Fee

“To ensure the construction of affordable housing in new growth areas, the City established an Inclusionary Housing Ordinance (Chapter 15.40) to be applied outside the former Redevelopment Project Area (Project Area). Chapter 15.40 was intended to serve as an adjunct to Chapter 15.10, which established affordable housing production policies inside the Project Area.”

“Revenue received by the City from the Housing Trust Fund Program is deposited into the Housing Trust Fund (Fund 261-9385). The City uses Housing fund to promote development of affordable housing through the following uses of funds: Gap financing loans to residential projects containing affordable housing; Infrastructure improvements in support of affordable housing; and Other predevelopment activities in support of affordable housing”

“Chapter 15.10 was repealed and Chapter 15.40 was implemented citywide.”

2014-04-13

“The City adopted its current inclusionary housing ordinance on April 13, 2014.”

City of West Sacramento, the agency that levies it

“The Housing Trust Fund permits developers to make a payment to the City equivalent to the amount determined by the City to be necessary to provide gap financing to an affordable housing developer to produce the number of affordable units that would otherwise be required under the ordinance.”

“If an applicant's project is located within the City's priority Urban Infill Area (UIA) the project may be eligible for the Urban Infill Area Incentive and subsequent discount on their in-lieu fee payment. UIA Incentive discounts are granted based on the adjusted density of a project.”