Skip to main content

San Diego Okays Fee Waiver on Granny Flats

Phil Hall
May 01, 2018
In an effort to address a critical shortage of local affordable housing, San Diego City Council voted unanimously to waive fees associated with construction of so-called “granny flats,” a secondary living space built on existing residential property

In an effort to address a critical shortage of local affordable housing, San Diego City Council voted unanimously to waive fees associated with construction of so-called “granny flats,” a secondary living space built on existing residential property.
 
According to a Times of San Diego report, homeowners that seek to build granny flats—also known as “companion units”—will not be required to pay the municipal development impact fees, facility benefit assessment fees and general plan maintenance fees associated with residential construction projects. In order to cover the revenue shortfall by this measure, Mayor Kevin Faulconer has agreed to commit an additional $300,000 in the Fiscal Year 2019 budget and to direct $100,000 to the Public Utilities Department to cover the cost of water and sewer Capacity Fees for the remainder of Fiscal Year 2018.
 
“One of the fastest and least expensive ways we can increase affordable housing in San Diego is to make it easier to build granny flats,” Mayor Faulconer said. “With these new incentives, we’re removing barriers to encourage the construction of new units that San Diegans can actually afford. This will be another tool we’ll use to tackle our housing needs.”

 
Published
May 01, 2018
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021
Planet Home Lending Reports Q3 Gains In Asset Management, Servicing And Originations

The Planet Home Financial Group, LLC, parent company of Planet Home Lending, LLC and Planet Management Group, LLC reported steady growth across its servicing, correspondent and private-client channels.

Industry News
Oct 26, 2021
CFPB, DOJ And OCC Hit Trustmark National Bank For 'Deliberate' Redlining

The Consumer Financial Protection Bureau and U.S. Department of Justice, in conjunction with the Office of the Comptroller of the Currency are taking action against Trustmark National Bank for alleged redlining violations.

Industry News
Oct 25, 2021
Reports: Evergrande Group Makes $83.5M Interest Payment

Faltering Chinese development firm fends off default with payment to international bondholders.

Industry News
Oct 22, 2021
FAR Establishes Borrower Engagement Division

Finance of America Reverse LLC announced its formally established Borrower Engagement Division.

Industry News
Oct 22, 2021
Automating Appraisals No Panacea For Removing Bias

With racism 'grandfathered in' to housing prices in minority neighborhoods, a solution to 'unconscious bias' is difficult to find

Industry News
Oct 21, 2021