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Oakland Activists Call for New Fees on Market-Rate Housing

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Development in Oakland has begun to take off ever since Uber made the announcement that they would be putting a big office in the city. But as new housing developments get the green light to go ahead, activists in the city are calling for big new fees on market-rate projects that would be used to fund below-market-rate housing. More than 100 activists are expected to attend a rally this afternoon at Oakland City Hall, according to the San Francisco Business Times. The coalition is calling for impact fees of more than $20,000 for every new market-rate unit built to go into effect as soon as possible.

Mayor Libby Schaaf is in favor of some new fees but wants additional time before anything goes to effect so projects don't lose financing, according to the Business Times. She sees supply as an important part of the housing equation. There were only 788 new units built in Oakland last year, and 72 percent of those were subsidized by the government. There are now more than 14,000 in the city's pipeline, but the financing on those units could be impacted by new fees.

· Housing Activists Push for 'Highest Possible' Oakland Impact Fees as the Mayor Calls for Patience [SF Business Times]