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Consultants recommend 10%–15% inclusionary thresholds, outline fee options for Los Altos Hills
Summary
Strategic Economics recommended Los Altos Hills adopt 15% on-site inclusion for ownership projects and 10% for rentals under current conditions, and presented two fee approaches — in‑lieu fees tied to an inclusionary requirement and an impact fee subject to the Mitigation Fee Act.
Los Altos Hills’ Finance & Investment Committee heard on May 1 from Strategic Economics about options for an inclusionary housing ordinance meant to help the town meet its Regional Housing Needs Allocation for 2023–2031. Derek Braun, principal at Strategic Economics, told the committee the study tested prototypes and found ownership townhome and condominium projects could support a 15% on‑site inclusionary requirement, while rental projects are more constrained and a 10% requirement is likely more prudent at present.
Braun explained municipalities generally set inclusionary percentages and either require on‑site deed‑restricted units or allow developers to pay an in‑lieu fee to a housing trust. “An inclusionary housing ordinance that sets aside up to 15% of housing units in new development,” he said, would be one track;…
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