Fee - Affordable Housing
NOTICE - NEW RATES EFFECTIVE NOVEMBER 1, 2014 (see below)
Affordable Housing Rental/Ownership Fees
|Initial (Sale/Start Up)**
*The Annual fee will not be charged in the same year as the Initial (aka "Start Up") fee.
**The Initial fee is only applicable to NEW constructions for both Ownership and Rental.
***Dependent on whether use of SM Housing Division Waiting List
is necessary for reoccupancy for Rental property.
These fees permitted by City Ordinance and established by City Resolution.
In Lieu Fees
FEE FOR APARTMENT PROJECTS
FEE FOR CONDOMINIUM PROJECTS
Fee is due prior to completion of project, but not before building permit issuance, and the amount of fee due is based on fee amount in effect at time of payment.
For projects whose applications where deemed complete on or before December 9, 2005, the amount of the affordable housing fee due is the amount of the fee in effect at the time the project application was deemed complete. For these projects subject to the previous Affordable Housing Fee ordinance, the Fee is fixed and is not adjusted annually.
Fee is subject to change by City Council resolution.
Fee has been established by resolution pursuant to Santa Monica Municipal Code Section 9.56.070