Approve a resolution prioritizing how fee-in-lieu funds generated by the Citywide Density Bonus Program should be spent on affordable housing. Funding: This item would establish a target income level for City investments in affordable housing using future fee-in-lieu revenue that is generated through the Citywide Density Bonus program. The item would not impact the overall amount of fee-in-lieu collected.

Staff Report & Agenda Item Details

Approve a resolution prioritizing how fee-in-lieu funds generated by the Citywide Density Bonus Program should be spent on affordable housing. Funding: This item would establish a target income level for City investments in affordable housing using future fee-in-lieu revenue that is generated through the Citywide Density Bonus program. The item would not impact the overall amount of fee-in-lieu collected.