Construction Alternatives

• conversion to affordable housing
• credit transfer
• in-lieu fee
• land dedication
• off-site construction

In-Lieu Fee Structure: fixed per-unit fee

Amount of in-lieu fee shall be based on the difference between the cost of constructing the affordable dwelling unit and what a low-income family of three can afford. The calculation shall be determined as follow: (1) For purposes of the calculation, the size of the required affordable dwelling unit is established at one thousand five hundred square feet and the cost of construction is assumed to be one hundred twenty-five dollars per square foot. (2) The amount that the low-income household can afford is the sum of two and one-half times sixty five percent of the median household income, adjusted for a family of three, as updated annually by the US. Department of Housing and Urban Development for Marin County. (3) The difference between the results of the calculation in Sections 18.24.120 (a)(1) and (2) above is the in-lieu fee for the development of nine total units. The in-lieu fee for each unit is a development of from one to eight units is eleven percent of the fee calculated for nine units.