Officials discussed the financial trade-offs of using policy levers, such as delaying impact fee increases, to lower housing development costs. They noted that while these measures help spur housing production, the resulting loss in city revenue directly limits their ability to fund public infrastructure, specifically new parks and roads.
Forests_green_space
City Center Redevelopment Authority · Mar 19, 2026 · 1:23:10–1:23:19 · Watch on CVTV ↗
Keywords: parks
What was said
1:22:07 And then we have this ongoing issue on the other side where every time we do this report, the next report is here's the budget picture for the city and it ripples throughout, you know, everybody's got this problem. So it's this reality for us that we're losing a lot of revenue. There's also this ongoing pressure. Like we have a construction sales tax deferral program for affordable housing. The legislature actually just eased it this session. We can expand it, but that's sales tax is not, is like is immediate revenue for us and construction sales tax during the 2020, 2021, that drove a lot of revenue growth for the city for us to say, okay, we're gonna expand the eligibility for construction sales tax exemption that like that could get more housing built, but that's a real revenue impact for the city. There are other, you know, impact fees, SDCs, if we delay impact fee increases,
1:23:06 those all have real impacts on our ability to fund new roads and parks and things like that. So the revenue questions come up, become really significant as we go forward. Next slide. So we have been doing a lot of work on the housing side, where, you know, these are all the little things. So the other document that was included in your packet is this summary of the housing action plan. We put this together probably three years ago now, and it's now ballooned to about 65 actions. And we actually have a pretty robust spreadsheet that we track. This is the condensed version, the user-friendly version, but you can see, you know, we're pretty happy that some of the things that we pulled off and we continue to work on are significant changes. You know, so, you know, things like we just approved, well, it's on here, but, so you can see some things we just did there, but we're making,
1:24:04 we're using development times, we're changing things like the single stairwell code. So these are all things that we're slowly making progress on. They all have this really incremental impact on the cost of housing, but collectively, we hope they can make a big difference.
Evidence (1 match)
direct keyword 1:23:10–1:23:19 parks
ax exemption that like that could get more housing built, but that's a real revenue impact for the city. There are other, you know, impact fees, SDCs, if we delay impact fee increases, those all have real impacts on our ability to fund new roads and parks and things like that. So the revenue questions come up, become really significant as we go forward. Next slide. So we have been doing a lot of work on the housing side, where, you know, these are all the little things. So the other document tha