The City Council voted to raise the affordable housing linkage fee last week. The per square foot rate will increase to $12 from $9.53. The fee revenue helps to create and preserve affordable housing in the City. Staff had proposed a $15 per square foot fee and some members of the City Council argued even… Continue reading Boulder: Council Raises Affordable Housing Linkage Fee
Earlier this month the Boulder City Council voted to increase the affordable housing linkage fee for new developments. The linkage fee, which charges new commercial developments to offset their impact on the City’s housing market, was first implemented in 2011. The per square foot fee varies depending on the type of business. Staff and consultants… Continue reading Boulder: Council Increases Housing Linkage Fee
Does commercial development contribute to the housing demand more than other sectors of the economy? How will a linkage fee affect commercial lease rates? The City Council should look at a more comprehensive approach. The affordable “horse” got out of the Boulder barn a long time ago.