Developers in Oakland, Calif., will soon have to pay a fee to support affordable housing.
The per-unit fees for developers were passed 7-1 by the City Council. David DeBolt, a reporter with the Bay Area News Group, writes:
Over the past year, officials have crafted a proposal they say will help bring in affordable housing units while not discouraging developers, who have said the fees threaten projects in the pipeline.
The result is a per-unit fee that would be phased in and differ by neighborhood. The areas with the highest fees are also those that command the highest rents and home prices.
Affordable housing advocates say the city still isn't doing enough.