Getting Business To Pay For Housing?
The City of Petaluma, CA is considering a workforce housing linkage fee on new commerical, industrial, and retail development in the city.
"The 'Sonoma County work-force housing linkage fee' is being promoted as a means for the county and its cities to help provide housing in one of the nation's least affordable real estate markets." Even though the neighboring City of Santa Rosa voted against the measure last month citing concerns of creating an unattractive business environment, a majority of Petaluma City Council members say they probably will approve the new fee. If the county and all nine cities adopted the fee, it would raise approximately $35 million to build 1,200 housing units over five years.
Thanks to Christian Peralta
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Published on Friday, September 5, 2003 in
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