Lower Fees Lead to More Homes and More Revenues

As someone deeply committed to putting my clients first here in Santa Monica, I’m always paying attention to changes that could impact our communities. Recently, there’s been a lot of conversation about how modest reductions in one-time impact fees could make a real difference—specifically, it’s projected that over 8,300 new homes could be unlocked in Los Angeles and San Diego if these fees are trimmed. What’s interesting is that while there might be some initial loss in city revenue, that gap could be closed within 4 to 7 years thanks to increased property and sales taxes generated by these additional homes. It’s a reminder that thoughtful adjustments in policy can create more opportunities for homeownership and support the growth of our neighborhoods.