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Council hears staff proposal for in‑lieu affordable housing fee; $34.45 per square foot recommended
Summary
City staff and consultants outlined a proposed affordable‑housing in‑lieu fee of $34.45 per gross square foot and asked council for direction on a market factor, fund management and allowable uses; council signaled interest in revisiting the fee periodically and preferred Arch to administer funds.
City staff and outside consultants presented the proposed implementation approach for Sammamish’s new inclusionary housing program and a recommended in‑lieu fee of $34.45 per gross square foot at the Jan. 14 study session.
Planner Evan Fisher and consultant representatives from Arch and Kidder Matthews explained how the fee was calculated, how it would be applied and options for holding and spending revenues. The proposal implements policy direction in the city’s newly adopted 2024 comprehensive plan and the implementing development code SMC 20.2.110, which requires a 10% affordable unit set‑aside at 80% of area median income (AMI) for qualifying development or payment of an in‑lieu fee.
Fisher explained the model behind the fee: Arch and BAE Urban Economics used local market inputs, development cost assumptions…
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