Builders promote fee rollbacks
Real estate brief
By Inman News, Wednesday, May 27, 2009.Nation's Building News, a National Association of Home Builders publication, notes that some government agencies are rolling back development-related impact fees in an effort to attract construction and stimulate local economies.
The city of Fremont, Calif., in April lowered its impact fees by 75 percent, for example, according to the article, and city officials in Eagle Lake, Fla., waived impact fees within the city's Community Redevelopment Area, according to the report.
The association has published for members an "Impact Fee Rollback Resource Guide" that features a list of examples of rollbacks recently passed or under consideration, the article also states.
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Submitted by Joe Loomer on May 27, 2009 - 5:30am.
This would do wonders here in Eastern Georgia. Very few new developments that aren't very limited in scale are underway - most were begun pre-2007 before everyone realized what was coming. Think I'll pass this on to the zoning folks here in Columbia County.
Augusta GA Homes