Affordable housing linkage fee (nexus study)

Just given the scheduling of the Nexus study and analyzing it, would we not then meet that time frame

because we don't have to go through the nexus study process, which is

which is part of why we had such an extensive nexus study done.

there is risk of people challenging an impact fee because you haven't done a nexus study and you don't have a strong legal backing

so you mentioned at the beginning that some of these nexus studies are sometimes challenged

I just can't agree with the findings and conclusions of this

advancing not just the fee nexus study, but the orchestration of all of the armature of documents that have to come forward

you just have to be really careful that you're following the analysis in the NEXO study

would also just help mitigate some of the demand on affordable housing that was identified in the NEXUS study

we were here back in February with the consultant to present the Nexus study

Okay, so is this, like, a linkage fee?

The nexus study is necessary for the city to pursue an affordable housing linkage fee

The nexus study is necessary for the city to pursue affordable housing linkage fees

the methodology is very similar to what the city had to do to have commercial linkage fees.

We'll assume that all workers generated by new development are housed in the community.

It's an affordable housing. I forgot the actual like 0 homestead or something. It's the nexus study.

the linkage fee is really interesting to me

which paid a linkage fee. To begin with

our next meeting, I think, will be very interesting. So we'll have the residential nexus study

that can be met by payment of an increased um affordable housing linkage fee

So all the money that we collect through cash and live through our linkage fees.

we should focus more on in lieu fees or commercial linkage fees, or just requiring deed, restricted units.

there should be more emphasis on increasing in loop fees, commercial linkage fees or rent control

you know a lot of things like the, you know, there's no linkage fees.

there's many that feel that Boulder should be focusing more on just increasing inlo fees or commercial linkage fees

we also threw in talking about linkage fees and parking requirements.

which is why they have to do the linkage fee study, but it's the same concept.

Doing some kind of fee to support affordable housing when an older home or significant expanded.

we approved commercial linkage fees for new commercial buildings that would pay for

Boulders Comm commercial linkage fees have stuck been stuck at $30 to $31 a square foot for 6 years

two spectacularly successful programs inclusionary housing and Commercial linkage fees they're the only guaranteed tools

we're also hoping to pursue the Nexus study um to look at a linkage fee for demolitions and Replacements of single family homes

Will there be a linkage fee revisit as well?

staff plans to pursue a Nexus study. Hopefully next year to a that presidential linkage fee

On the commercial linkage fee. Model upon The escalation metric used within the inclusion housing ordinance.

It's it's $30 per square foot. So if you think about what we're imposing on housing and comparing that to commercial development.

the Nexus study to support the residential linkage fee are we good with this

thing is to explore a Nexus study um to inform the viability of a linkage fee

whether you want to explore a Nexus study to possibly support a residential linkage fee for these demo

Assuming we do the next study, and there's a a linkage fee.

I've done like 40 of these affordable housing nexus studies for residential projects

when you do, the nexus study, one of the lines that you pursue is, what are the impact?

a nexus study is necessary to determine how these scenarios contribute to the need for affordable housing similar to a commercial linkage fee.

You have to do a study before you can do a linkage fee, and the idea that is totally doable

explore doing a nexus study. To see if if the study supports the residential linkage fee.

what we were getting and what we were giving up in commercial development linkage fees

discounts on their rental levels in exchange for consideration in terms of

I wonder if there's a fourth Factor here and that's commercial linkage

is the increase in linkage fee for increased height on the site

any commercial property that has excuse me add square footage goes to a permitting process in order to get through the permitting process they're required to pay the linkage fee

there was a comment made about us not enforcing linkage fees and I was wondering if staff could maybe address that

raise the commercial linkage fees the fees are currently too low and aren't enforced

boulder should just significantly increase Cash and loop fees, commercial linkage fees, and look at other ways to get deed restricted units.

and increase commercial linkage fees to support development of permanently affordable units

Rather, some find that the city should just really focus more on increasing in blue cash and loo fees, commercial linkage fees

increasing in Luffy's or commercial linkage fees to get more deep restricted affordable housing

the linkage fee for commercial property is how we satisfy that requirement

They have the linkage fees and stuff like that

It's in the code as if you get extra height. You pay extra linkage fee or you pay extra.

Boulder should just instead of adding housing just significantly increase in Luffy's commercial linkage fees

and our linkage fees should be higher. And this is an example of a project maximizing irrespective of linkage fees that exist today.

We should take a look at the policies around the linkage fees, because we know that there's a high degree of profit in this development

a linkage fee against a commercial project like this that will obviously impact our housing stock and a very deep level.

allowing adus co-ops duplexes commercial linkage fees and a long-standing inclusion inclusionary housing program

we do receive funds for property taxes and those commercial linkage fees

the commercial linkage fees, the local excise taxes, property taxes that we that you all pay

or increased commercial linkage fees. So this is already in the code

we also have commercial linkage fees so that is similar to an inclusionary housing requirement but it applies to non-residential development

it also means a higher commercial linkage fee if they're doing just a non-residential project

this ordinance also includes an allowance to convey the increased commercial linkage fee for the affordable housing fund

authorizing the city manager to execute documents that will secure payment of an increased linkage fee

requesting that council consider using the additional funds that are from the commercial linkage fee

additional increased commercial linkage fees would apply to that space as well as any bonus floor area

the commercial linkage fees will be getting funds and beginning units through redevelopment

as well as the increase, probably in the linkage fees.

I was curious on the linkage fees did the did the geography expand for that.

We also have Croatia linkage fees on new commercial development, so we have last I checked

well within the 128 dollars per square foot that the nexus study justified for housing

our original commercial linkage fee required the nexus study and had to stay beneath the maximum amount identified

an affordable housing commercial development linkage fee that is supported by a nexus study

this ordinance would divert the inclusionary housing portion of linkage fees for bonus commercial space

might make some sense to take that increased increment of linkage fee um allcable to the bonus height

regarding um the nexus study that came out about demolition in boulder it finally came down to one dollar per square foot

we need 50 to 70 percent in linkage fees minimum of 50 seriously

talking about replacing the additional commercial linkage fee so we're talking about

is the community benefit structure supposed to be in lie of the entire linkage fee for a project

right now we have the commercial linkage fee which goes to affordable housing obviously but this would be new territory

the linkage fee had been put to bed

one voluntary offer to pay an additional approximately three million dollars in linkage fees which is based on the exemption

the documents relating to the increase in linkage fees and the affordable commercial space

a declaration about uh a linkage fee and about affordable commercial rent are a little atypical issues

there's a slide in here that goes over the detail of the um additional affordable housing linkage fee

we have a Nexus study coming up because this is a Taber issue if we were to have a huge fee because it's fee not a tax

so that number is actually calculated before they pull a building permit

and I assume this project is is subject to linkage fees correct

instead propose the um uh commercial linkage fee as part of their uh the affordable housing commercial linkage fee

they are also proposing the payment of one and a half times the affordable housing commercial linkage fee

if you do commercial we have a linkage fee and that commercial linkage fee was adopted specifically to support affordable housing

did staff consider linkage fees on this square footage that would have the reduced um

as well as the commercial linkage fee so if they were doing a commercial building anything that's bonus floor area

the affordable housing um linkage fee and and the cash and L payments all go through the city

you mentioned that as part of the community benefit they would be paying one and a half times the commercial linkage fee

they're also proposing to pay one and a half times the affordable housing commercial linkage fee

the cash and loop payments that come in each year um and then the linkage fees

we have collected a hundred and five thousand dollars in cash and lieu linkage fees

payments from developers as well as commercial linkage fees

ARREST WAS AT THIS POINT BUT APPROXIMATELY ONE MILLION DOLLARS IN LINKAGE FEE FOR AFFORDABLE HOUSING

estimating that the city's commercial linkage fee requirement would provide a one-time contribution of 1 million dollars

we also put in one of the highest commercial linkage fees in the country and so that is helping

the decisions that counsel made related to the commercial linkage fee the next phase in of the commercial linkage fee occurs in January

THE COMMUNITY BENEFITS AFFORDABLE HOUSING LINKAGE FEES COULD APPLY BUT THEY WON'T APPLY

THE BONUS YOU GET WHEN YOU PAY THE LINKAGE FEE OPTION

SO WE WOULD GET MORE LINKAGE FEE FOR AFFORDABLE HOUSING AND WE CAN PUT IT BACK INTO AFFORDABLE HOUSING

THE COMMERCIAL LINKAGE FEES APPLY WHAT WE CALL THE CAPITAL FACILITIES

CAN YOU EXPLAIN WHY YOU NEED A NEXUS STUDY THAT CONFUSES ME A LITTLE BIT

there's a specific commercial linkage fee that's applied to nursing homes and assisted living and we felt that that particular use shouldn't be penalized

so again commercial linkage fees applied to the base area and then going along with the recommendation

there's what we have commercial linkage fees or what's in the code as the capital facility impact tax

PERSON MENTIONED LINKAGE FEES LIKE ALL THE THINGS THAT BEEN MENTIONED

LOCALITIES CAN ADOPT AND STRENGTHEN THE REGULATORY EXTRACTION PROGRAM SUCH AS INCLUSION A REZONING LINKAGE FEES

IS IT A SLIGHTLY HIGHER LINKAGE FEE OF ITS COMMERCIAL

I don't think linkage fees reason to want to be one of the three biggest yet

a higher linkage fees locally that accounts for the additional returns that they would get

whether that's an overlay zone that says you know any commercial built here will have a higher linkage fee

the amount of affordable housing will just be dictated by you know the linkage fees in the inclusionary zoning

I think well first of all we have the linkage fee but then there's any

linkage fees a little over a million dollars what the linkage fee

hotels do pay considerable affordable housing linkage fees so that that would come in

commercial linkage fees I don't think I need to say much about that because we've completed that

our linkage fees are going up significantly you know City fees all of those things

the inclusionary zoning amount and the linkage fees owes are kind of things that occur one way or the other

with the nexus study additional height that goes to commercial will have a impact on affordability

we recently hired consultants to do the commercial linkage fee and they did look at that job housing balance

in some of our communities were already implementing local commercial linkage fees we would be looking at using that as well

when you come back to us I'd be really curious to see some benchmarking you know what other cities comparable cities with $30 linkage fees

linkage fees the same the affordable housing from yes that's correct

how much are you projecting for linkage fees that I think we're being more conservative on that seven hundred and sixteen thousand

I thought it odd that the city's housing authority would be advocating for such a low amount