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Council updates transportation impact-fee policy to support affordable housing and clarify credits for developer-built projects
Summary
Council updated Policy 1-08 to replace the 2014 project list, allow TIFFs on ADUs 750 sq ft and larger, clarify crediting when developers build listed projects or dedicate right-of-way, and authorize up to a 50% TIFF reduction for extremely low and very low-income restricted units. The policy changes passed unanimously.
The council unanimously adopted changes to Town Council Policy 1-08 on Oct. 7 that update the town’s transportation impact-fee (TIFF) framework. The changes replace an outdated 2014 project list, add clearer rules for crediting developers who build listed improvement projects or donate right-of-way, and align TIFF treatment with the town’s ADU ordinance by applying fees to…
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