California AB874 proposes exemptions for certain affordable housing projects from development impact fees.

California AB874 seeks to exempt qualified residential ownership and rental projects from development impact fees. For residential ownership projects, local agencies must either set fees at zero or provide a fee deferral loan with specific terms. For residential rental projects, local agencies must either set fees at zero or provide a fee deferral loan with different terms. These exemptions apply to projects reserved for lower-income households and moderate-income households at affordable costs. The bill does not apply to fees for code enforcement or education-related charges.

California AB874 proposes exemptions for certain affordable housing projects from development impact fees.

California AB874 seeks to exempt qualified residential ownership and rental projects from development impact fees. For residential ownership projects, local agencies must either set fees at zero or provide a fee deferral loan with specific terms. For residential rental projects, local agencies must either set fees at zero or provide a fee deferral loan with different terms. These exemptions apply to projects reserved for lower-income households and moderate-income households at affordable costs. The bill does not apply to fees for code enforcement or education-related charges.