7. The Jobs Housing Nexus Analysis prepared for the city in 2016 determined that the legally supportable affordable housing linkage fee on new commercial office development was $129.49 per square foot to pay for the need for additional affordable housing caused by the new development. This number was adjusted to $50.50 for Boulder’s “share” of housing need based on percent of workforce currently housed n the city (39%); The city staff recommended that the Council adopt a linkage fee of $15 per square foot, and the council adopted a fee of $12. Would you favor increasing the affordable housing commercial linkage fee? If at what level should it be set?
Adam
Swetlik
I understand that living in a college town will drive the percentage of rental properties higher than other communities. However Boulder has reached a point where outside buyers see a good investment and purchase homes and condos to turn them into rental units for the long term. This puts a strain on members of the community who are trying to live where they work, as they are at the mercy of the rental property owner and market rental rates. Without hope for owning a home money that could become equity goes to rental property owners and property management companies. While every community needs a good balance of rental units and homeowners I would like to see more homeowners in our community.