Following their participation in the San Mateo County Grand Nexus Study, the City of Redwood City adopted an Affordable Housing Impact Fee Program October 26th.
City Council adopted staff recommended fees ranging from $5 to $25. The fees will be used to develop and rehabilitate housing in Redwood City that is affordable for lower income households, and is expected to generate more than $3 million per year. A second reading of the ordinance is scheduled for the December 7th City Council hearing, at which point the program will be finalized.