HomeMy WebLinkAboutAGENDA REPORT 2025 1105 CC REG ITEM 09C POWERPOINTPresented by Gene Burse, AICP
Deputy Community Development Director
1
City of Moorpark
Inclusionary Housing In-Lieu Fees
City Council Meeting
November 5, 2025
Content
•Background and Purpose
•Nexus Study- Maximum Justifiable Fees
•Comparison to other Jurisdictions
•Proposed Fees & Recommendation
•Conclusion
2
Background and Purpose
•Policy Context
–This aligns with the City’s 2021-2029 Housing Element and 2023 Zoning Code
Update.
–The goal is to provide housing opportunities for all income levels and expand
housing variety.
•Inclusionary Housing Requirements (Section 17.24.065)
–Requires 10 or more units to reserve 15% of units as affordable housing.
•Developer Flexibility
–Developers have the option to construct affordable units on-site or pay an in-lieu
fee as a compliance alternative.
•Purpose of this item
–To recommend adoption of in-lieu fees
3
Nexus Study: Maximum Justifiable Fees
•The fees reflect the estimated cost to build affordable units required
by the Ordinance and represent the maximum supportable fees.
4
Development Type Total Fee Per Unit Local City Survey
Average
Single-Family For-Sale $111,670 $153,427
Multifamily For-Sale $65,497 $86,442
Multifamily For-Rent $55,203 $73,849
Comparison to Other Jurisdictions
•The Nexus Study compared Moorpark’s proposed fees to other nearby cities.
5
Municipality Year Fees Adopted Single Family For-
Sale
Multifamily For-
Sale
Multifamily For-
Rent
Moorpark
(Proposed)
-$111,000 $65,000 $55,000
Agoura Hills 2018 $487,953 $262,541 $260,196
Oxnard 2020 $36,000 $35,000 $28,000
Ventura 2023 $133,070 $53,150 $30,850
Calabasas 2021 $66,900 $48,100 $19,000
Thousand Oaks 2023 $43,210 $33,419 $31,200
Comparable City
Average
$153,427 $86,442 $73,849
Comparable City
Average (excluding
Agoura Hills)
$69,795 $42,417 $27,262
Proposed Fees and Recommendations
•Example
•Fees paid on per unit basis multiplied the total number of all market-rate units
proposed. For example, 150 multifamily for-rent units would result in an in-lieu fee of
$8,250,000 (150 units x $55,000/unit)
•Adopt the fees near the maximum supportable amounts calculated in the Nexus Study.
•These recommended fees are less than the average of other local agencies.
•Fiscal Impact
•Revenue will be used by the Housing Division (Fund 2121) to finance the
development, acquisition, and/or preservation of affordable housing units.
•Annual Adjustment
•Staff recommends an annual adjustment starting July 1, 2027, based on the
Engineering News Record Construction Cost Index (LA Region) to keep pace with rising
construction costs.
6
Conclusion
•Goal Compliance
•This action achieves Council Goal 1, Objective 1.3 (Inclusionary
Housing Policy) and is consistent with Goal 3, Objective 3.5 (Financial
Sustainability).
•Action
•Staff recommends the City Council adopt a resolution, as amended,
to implement inclusionary housing in-lieu fees.
7