By Andrew Bowen, KPBS, December 10, 2019
“The San Diego City Council on Dec. 10 approved changes to the city’s affordable housing regulations after striking a compromise with business and developer groups.”
Developments of two or more units that set aside at least 10 percent of the housing units as affordable housing for at least 55 years are among those that are exempt from the Inclusionary Affordable Housing Fee, as specified by the San Diego Municipal Code.
“The new law requires developers to make 10 percent of the homes they build available to low-income renters — those earning 60 percent of Area Median Income — or pay an in lieu fee of $25 per square foot to opt out of the inclusionary requirement.
“The city’s inclusionary policy had been 65 percent of AMI with an in lieu fee of around $12.”
The San Diego AMI is $53,500 for a family of four in 2019.
The Inclusionary Affordable Housing requirement in the northern part of San Diego known as the North City Future Urbanizing Area requires housing developers to dedicate 20 percent of their units to affordable buyers or renters. The area includes Black Mountain Ranch, Del Mar Mesa, Pacific Highlands, and Torrey Highlands.
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