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DBI reports revenues trending down; ADU and affordable-housing fee-waiver pilot estimated at $1.9 million
Summary
DBI financial staff told the commission DBI expects revenues to be lower in coming years but still above budget in 2018-19; staff and the Budget Analyst estimate fee waivers for ADUs and small affordable-housing projects could total about $1.9 million over the pilot year.
Deputy Director Tyrus Madison presented DBI's March 2019 financial report and told the commission the department expects revenues to be lower than prior years after fee reductions but currently projects to be better than budget for the fiscal year to date.
Madison cited a Budget Analyst estimate that a pilot program of fee waivers could affect roughly 15 small affordable-housing projects (average $15,000 per project) and…
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