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Housing Impact Fees. The City Council held a Special Meeting on Monday, August 10, 2015 at 6:30 pm to review and discuss the Nexus Studies prepared to analyze the impacts created by new housing and commercial development on the need for affordable housing and provide direction to staff on whether to proceed to develop draft regulations to implement housing impact fees. The public was invited to attend and provide comments to the City Council. No final actions were taken at this meeting.
Following the loss of redevelopment agency funding for affordable housing resulting from the dissolution of redevelopment agencies by the State of California, the Nexus Studies were authorized by the City Council in December 2013 to enable the City to study whether to adopt the housing impact fees.
To view the staff report please click on the below link: http://www.fostercity.org/citygovernment/AgendasandMinutes.cfm
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