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Everett Planning Commission adopts housekeeping amendments, lowers inclusionary fee-in-lieu to $9 per square foot
Summary
The Everett Planning Commission on Nov. 18 approved Resolution 25-02, updating Everett 2044 housekeeping amendments that raise inclusionary ownership limits to 100% AMI, set the alternative compliance fee to $9 per gross square foot with a 12-year owner-occupancy covenant, and added annual CPIU indexing beginning Jan. 1, 2027.
The Everett Planning Commission voted unanimously Nov. 18 to adopt housekeeping amendments to the Everett 2044 development regulations, changing several inclusionary-housing parameters and setting the alternative compliance fee to $9 per gross square foot.
Planning Director York Stevens Lodge told the commission the September recommendation revised the affordability limit for ownership units from 80% of area median income (AMI) to 100% AMI and that staff adjusted the fee-in-lieu rate to keep a developer’s financial choice between building affordable units and paying the fee reasonably comparable. "We arrived at $9 a square foot as appearing to be the…
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