Oakland City Council may consider higher development fees to pay for affordable housing

By David DeBoit in the Contra Costa Times

February 9, 2016

OAKLAND — The city is moving toward approving new developer fees to pay for affordable housing that are higher than previously proposed, and could at first exclude portions of East Oakland.

A City Council economic committee on Tuesday supported a proposal by four council members to gradually increase the fees for multifamily, market-rate housing developments to $24,000 per unit. The fees paid by developers would be used to fund affordable housing and improve transportation and city services such as parks and libraries.

Read more at the Contra Costa Times