Developers - In-Lieu Fees


Housing Market Area

(HMA)

Very Low

Low

Moderate

Workforce

Total Inclusionary

Housing %

South Coast

2.5%

2.5%

5%

5%

15%

Santa Ynez

2.5%

2.5%

5%

5%

15%

Santa Maria

2.5%

2.5%

5%

0%

5%

Lompoc

2.5%

2.5%

0%

0%

5%

 

The grey-highlighted portions of this table reflect the adjustments to the County's Inclusionary Housing Requirements.  The percentages represent the percent of housing units that will be price-restricted to the applicable affordable level.

 


In-Lieu Fees for the Inclusionary Housing Ordinance

Housing Market Area (HMA)  Very Low and Low  Moderate and Workforce 
South Coast  $151,500 $566,100 
Santa Maria  $86,000 $220,700
Santa Ynez  $133,900 $395,300
Lompoc  $92,500 $211,700



 

 In-Lieu Fee Update for Very Low and Low Units based on % change in median sales price of condominiums

 

HMA  2016 Median Sales Price of Condominiums  2017 Median Sales Price of Condominiums  % Change  2017 In-Lieu Fee  plus % change  2018 In-Lieu Fee 
South Coast  $661,980 $665,951 0.60% $150,600 +$900 $151,500
Santa Maria  $240,310 $259,590 8.02% $79,600 +$6,400 $86,000
Santa Ynez  $400,000 $465,000

16.25%

$115,200  +$18,700 $133,900
Lompoc  $208,000 $249,000 19.71%  $77,300 +$15,200 $92,500



 

In-Lieu Fee Update for Moderate and Workforce Units

 

HMA  2017 Median Sales Price of Condominiums  15% of Median Sales Price of Condominiums  2018 In-Lieu Fee 
South Coast  $665,951 $99,893  $566,100
Santa Maria  $259,590 $38,939 $220,700
Santa Ynez  $465,000 $69,750  $395,300
Lompoc  $249,000 $37,350 $211,700


 

 

Median Condominium Sales Price by HMA, 2010-2017      

 

Year  HMA 
  South Coast   Santa Maria Santa Ynez  Lompoc 
2011 (released July '12) $474,351 $134,000  $255,000  $180,000 

2012 (released July '13)  $415,000  $139,740  $241,867  $123,050  
2013 (released July '14)  $487,704 $187,500  $310,000  $120,544 
2014 (released July '15)  $573,738  $204,200 $383,591 $188,696
2015 (released July '16)  $675,141 $218,278 $359,281 $186,000
2016 (released July '17)  $661,980  $240,310 $400,000 $208,000
2017 (released July '18)  $665,951 $259,590  $465,000 $249,000

 

Documents

2018 Board Letter

Adopted IHO