Memorandum
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The memorandum discusses the Fiscal Year 2024-2025 Affordable Housing Impact Fee (AHIF) and Commercial Linkage Fee (CLF) Annual Report. It recommends accepting the report to continue funding affordable housing developments in San José. The report outlines the status and expenditures of AHIF and CLF, detailing their compliance with the California Mitigation Fee Act. The AHIF program generated $25,627,437.65 since inception, while the CLF program generated $6,112,740.16. Both funds are allocated for affordable housing projects. The report is coordinated with the City Attorney’s Office and the City Manager’s Budget Office and will be made available to the public before a City Council meeting on December 16, 2025.
Key points
- The memorandum is addressed to the Mayor and City Council of San José.
- It recommends accepting the Fiscal Year 2024-2025 AHIF and CLF Annual Report.
- The report is prepared in accordance with the California Mitigation Fee Act.
- AHIF has generated $25,627,437.65 in fee revenue since its inception.
- CLF has generated $6,112,740.16 in fee revenue since its inception.
- Both funds are intended to support affordable housing developments.
- The report will be available to the public from December 1, 2025, until December 16, 2025.
Limitations
- The text contains unresolved placeholders such as specific dates and details regarding the next report for Fiscal Year 2025-2026.
- The document does not provide specific outcomes or votes related to the recommendations.
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