City Council adopted a resolution on December 5, 2022, to implement a program that will waive System Development Charges (SDCs) for housing to be purchased by low-income homebuyers. SDCs are charges collected at the time of building permit to accumulate capital needed to provide sufficient capacity in infrastructure systems to accommodate that development. Waiving SDCs is one way to incentivize development that might not otherwise happen.
This program, which will be available beginning January 1, 2023, will offer SDC waivers to qualifying applicants building homeownership housing to be purchased by households earning up to 80% of the area median income (AMI). The City will waive SDCs on a “first come-first served” basis for qualifying applications until $300,000 of charges have been waived for the program or December 31, 2025, whichever comes first.
For more information on the program requirements, or to apply, visit the Housing Incentive Programs section of the City’s housing webpage.