Berkeley's City Council voted to adjust the fee structure for developers who do not meet below-market-rate housing requirements, aiming to boost construction of middle housing. Under existing regulations, 20% of new units must be affordable, or developers can opt to pay in-lieu fees. The changes now eliminate fees for the first 5,000 square feet of new developments, charging $56.25 for anything above. These modifications are anticipated to encourage more residential projects while still generating funding for Berkeley’s Housing Trust Fund, which has amassed over $51 million since 2016.
The City Council’s adjustments to developer fees aim to stimulate the construction of middle housing, facilitating increased residential building while maintaining requirements for below-market-rate units.
With over $51 million raised since 2016 through in-lieu fees, the adjustments are designed to streamline funding for affordable housing while encouraging more middle-sized projects in Berkeley.
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