Local government and city officials enact
many housing laws and ordinances intended to keep the real estate world in check. There are
countless laws and regulations, and many of them are
quite controversial. There are even laws that make
housing more affordable for low-income families, but
thus put a burden on home
builders and developers. This issue has been at the
forefront of controversy lately as an agreement has been
reached concerning an affordable housing ordinance lawsuit.
According to an article by Lori Weisberg in the
July 20, 2006 edition of The San Diego Union
Tribune, “City amends affordable-housing law:
Compromise would end suit, let S.D. keep fees,” the city
and local homebuilders have reached an agreement
concerning this law.
“The city of San
Diego and local home builders have reached a
settlement intended to keep intact an affordable-housing
ordinance that was ruled unconstitutional two months
ago. Faced with the prospect of having the law
permanently invalidated, city officials have agreed to
make key changes that will preserve the ordinance while
giving developers what they wanted – a break in the
housing fees they will be charged.
The
affordable-housing law makes it easier for low-income
families to buy
homes and charges a fee to homebuilders. So
naturally, homebuilders were not too happy about this
law.
“Increasingly common in cities throughout
California, such exclusionary housing laws require
developers to set aside a percentage of their new
housing units for low and moderate income households or,
in lieu of that, to pay a fee to help subsidize future
affordable housing. San Diego so far has collected more
than $9 million in such fees.”
“The proposed
settlement brings the city full circle to where it was
in April when the council voted in favor of a settlement
with the building industry. The agreement later fell
apart when the council balked at a provision that would
have allowed builders to reinstate their lawsuit anytime
during the next two years if the council chose to change
any portion of the ordinance dealing with the affordable
housing fee.”
The proposal will go before a
judge on July 21, 2006. |
| Back
to Articles |
| | |
 |
Have questions? We're available to
help
you. |
|
 |
Call us at: (866)890-1306 | |
|
|
|
|
 |
| Affordability Calculator |
| Rent Vs Buy Calculator |
| Refinance Analysis
Calculator |
| Monthly Payments |
| | |
Additional Info Call Toll
Free: (866) 890-1306
