With Major Reforms Years Away, City Could Make Temporary Changes to Housing Fees Next Year

In the absence of major housing reforms, the city is contemplating interim adjustments to the Mandatory Housing Affordability fees developers pay next year. This move aims to alleviate some pressure on developers while waiting for more comprehensive changes, which are still years away. Such temporary modifications could have a significant impact on the housing market, potentially making it easier for developers to build more affordable housing units in the short term. This strategy highlights the urgency to address housing affordability without waiting for lengthy reform processes.