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Developers - In-Lieu Fees
Housing Requirements for the Inclusionary Housing Ordinance FY 2020-21
|
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% | 0% | 10% |
| Santa Maria | 2.5% | 2.5% | 0% | 0% | 5% |
| Lompoc | 2.5% | 2.5% | 0% | 0% | 5% |
2020 In-Lieu Fees for the Inclusionary Housing Ordinance
| Housing Market Area (HMA) | Very Low and Low | Moderate and Workforce |
| South Coast | $176,200 | $658,300 |
| Santa Maria | $96,600 | $248,000 |
| Santa Ynez | $146,200 | $431,600 |
| Lompoc | $99,500 | $227,600 |
2020 In-Lieu Fee Update for Very Low and Low Units based on % change in median sales price of condominiums
| HMA | 2018 Median Sales Price of Condominiums | 2019 Median Sales Price of Condominiums | % Change | 2019 In-Lieu Fee | plus % change | 2020 In-Lieu Fee |
| South Coast | $763,990 | $774,523 | 1.38% | $173,800 | +$2,400 | $176,200 |
| Santa Maria | $279,000 | $291,750 | 4.57% | $92,400 | +$4,200 | $96,600 |
| Santa Ynez | $490,092 | $507,766 | 3.61% |
$141,100 | +$5,100 | $146,200 |
| Lompoc | $257,295 | $267,750 | 4.06% | $95,600 | +$3,900 | $99,500 |
2020 In-Lieu Fee Update for Moderate and Workforce Units
| HMA | 2019 Median Sales Price of Condominiums | 15% of Median Sales Price of Condominiums | 2020 In-Lieu Fee |
| South Coast | $774,523 | $116,178 | $658,300 |
| Santa Maria | $291,750 | $43,763 | $248,000 |
| Santa Ynez | $507,766 | $76,165 | $431,600 |
| Lompoc | $267,750 | $40,163 | $227,600 |
Median Condominium Sales Price by HMA, 2013-2019
| Year | HMA | |||
| South Coast | Santa Maria | Santa Ynez | Lompoc | |
| 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 |
| 2018 (released July '19) |
$763,990 | $279,000 | $490,092 | $257,295 |
| 2019 (released July '20) | $774,523 | $291,750 | $507,766 | $267,750 |
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