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P.H. 2023-74: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AMENDING CHAPTER 154, “PLANNING,” OF THE POMPANO BEACH CODE OF ORDINANCES, BY AMENDING SECTION 154.80, “PROVISION OF REQUIRED AFFORDABLE HOUSING,” TO AMEND THE IN LIEU OF FEE AMOUNT; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
FIRST READING: JULY 11, 2023
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(Staff Contact: Jean Dolan/David Recor)
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Summary Explanation/Background:
The City Commission directed staff to evaluate the in lieu fee included in Chapter 154.80 which is used to allow Applicants to buyout of the affordable housing requirements in certain circumstances. This evaluation resulted in several recommendations, one of which was to raise the in lieu fee for eligible projects required to provide affordable housing approved after September 30, 2023 from $2,333 per unit to $10,000 per unit. The fee will escalate 3% annually on every January 1st after adoption. The Planning and Zoning Board recommended approval of this code amendment on June 28, 2023.
Origin of request for this action: City Commission
Fiscal impact and source of funding: N/A
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