Details

Title	Building Fee Increases and Reduced Housing Affordability
Highlights	This article states that development fees decrease housing affordability.
Description	This article measures the impact of development fees on housing affordability. According to the article, home prices increase by $1,000 for every $819 charged in development fees. The article states that the increase in home prices is greater than government imposed development fees due to unrelated costs such as financing, real estate agent fees, and developer compensation.
Publication Date	2007
Organization	National Association of Home Builders
Web Location	http://www.nahb.org/fileUpload_details.aspx?contentTypeID=3&contentID=79606&subContentID=112532

Notice: The contents of this record reflect the views of the author and/or promulgating municipality, and should not be construed as representing the views or policies of the U.S. Department of Housing and Urban Development or U.S. HUD's Office of Policy Development and Research. No attempt has been made by U.S. HUD or its contractors to verify the accuracy, currency, or validity of the record contents presented herein.