Document
Reducing Local Impact Fees and Other Upfront Taxes
One-page flyer explaining the issues surrounding impact fees and how local officials can correctly implement them or other financial solutions.
DownloadHow to Talk About Impact Fees
Considering economic pressures on local governments, it’s easy to understand why local governments are increasingly turning to impact fees for the provision of public services.
Impact fees act as a tax on new housing that significantly adds to the cost of a housing development. The cost is then passed on to prospective home buyers and renters.
Aside from a tax, impact fees can be a form of exclusionary zoning that would increase housing costs and price out certain groups of prospective home owners from the housing market.
Impact fees not only lead to an increase in the price of new homes but also an increase in the prices of existing homes, placing new and existing homes out of reach for potential buyers.
In short, artificially raising housing costs through fees prices out potential home owners which contribute to the housing affordability crisis.
The building community is dedicated to working with the public and private sector to develop a fee structure that is paired with incentives for development such as reduced parking requirements or density bonuses.
