Over the past twenty-two years, well over $116 million in development impact fees have been collected from developers in San Francisco which doesn’t include the value of 1,013 units of on-site below market rate (BMR) housing built over the past eight.
Over the next five years, the Planning Department is projecting over $45 million in impact fees will be collected with the largest contributions coming from the following areas: Balboa Park ($2.7 million), Rincon Hill ($6 million), Market and Octavia ($12 million), and $25 million from and for the Eastern Neighborhoods (which includes the Central Waterfront, East SOMA, Showplace Square/Potrero, and the Mission).
If you’re interested in the details in terms of what the fees are, where the fees have been collected, on what the fees are earmarked to be spent, and who is planning on doing the spending, be sure to review the 2009-2010 Development Impact Fee Report which will be presented to San Francisco’s Planning Commission tomorrow.
∙ Eastern Neighborhoods Plan, It’s Not Just For Policy Wonks Anymore [SocketSite]
∙ Development Impact Fee Anuual Report: 2009-2010 [sfplanning.org]