AFFORDABLE HOUSING IMPACT FEE FUND

SJ-MC tit. 4, ch. 4.80, pt. 79

in effect

San José Municipal Code § 4.80.4690 Affordable housing impact fee fund established.

4.80.4690 - Affordable housing impact fee fund established. There is hereby created and established the "Affordable Housing Impact Fee Fund." (Ord. 30615.)

San José Municipal Code § 4.80.4700 Source of monies.

4.80.4700 - Source of monies. On November 18, 2014, the San José City Council approved the adoption of Resolution No. 77218 establishing the Housing Impact Fee now referred to as the Affordable Housing Impact Fee ("AHIF") to help address the need for affordable housing connected with the development of new market rate residential rental units. The AHIF requires market rate residential projects to pay an impact fee per square foot. The AHIF increases by 2.4% annually. The source of monies budgeted and accounted for in the Affordable Housing Impact Fee Fund shall be monies received pursuant to Resolution No. 77218 and as subsequently amended. (Ord. 30615.)

San José Municipal Code § 4.80.4710 Expenditures.

4.80.4710 - Expenditures. Monies in the Affordable Housing Impact Fee Fund, including repayments of loans made, shall be expended as authorized by the City Council for use in accordance with Resolution No. 77218 and as subsequently amended. (Ord. 30615.)

San José Municipal Code § 4.80.4720 Interest.

4.80.4720 - Interest. Interest which accrues from monies in the Affordable Housing Impact Fee Fund shall be credited to this Fund. (Ord. 30615.)

Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT4REFIBUTA_CH4.80FU_PT79AFHOIMFEFUFetched: 11/1/2026