Council weighs long‑term fee deferrals and CFD relief amid warnings about revenue and bond impacts

City staff told the council that long‑term impact‑fee deferrals and reductions in community‑facility district (CFD) assessments can help close financing gaps for affordable projects but carry fiscal trade‑offs that could reduce city revenue and affect capital‑project funding. Stephen Heisler, the city’s housing manager, said impact‑fee deferrals can be structured as long‑term loans tied to a project’s period of income restriction — typically 55 years for affordable projects — and might amount to $2 million to $7 million per project in city fees (roughly $18,000 to $29,000 per unit). Heisler warned that such deferrals “are probably never going to be coming in as revenue to the city” while the project remains…