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HomeMy WebLinkAboutADU Incentives Presentation 2-12-20Incentives for ADUs City of Eugene February 12, 2020 1 Costs to build ADUs Can vary widely, based on structure type •Conversion •Addition •New construction 2 3 4 5 Costs to build ADUs 6 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 Building & On-Site Improvements Soft Costs SDCs Other Fees Potential Incentives •Property tax exemption •Waive or scale SDCs •Waive building permit fees •Waive land use application fees •Develop pre-approved building plans 7 Property tax exemption •Adding an ADU adds value, so the property’s taxable value increases. •Incremental increase in value varies widely, with type of addition. Recent ADUs have increased property taxes from $320 to $2,200. 8 Property tax exemption Pros •Reduces costs by lowering property taxes. 9 Cons •Legal landscape is uncertain. •Potential costs of administering program. Waive or scale SDCs City SDCs-about $6,000 •City wastewater •Parks •Stormwater •Transportation-currently waived Non-City SDCs-about $2,600 •MWMC -Regional wastewater •EWEB –Water 10 Waive or scale SDCs Pros •Reduce owner’s costs by up to $6,000. •Low administrative costs. •No legal complexities. 11 Cons •Could create unfunded liabilities for future infrastructure projects. Waive building permit fees •Building permit fees cover the cost to review plans and conduct inspections, to ensure building code requirements are met. •Fees vary, depending on complexity of project. •ADU permit fees are typically about $3,500. 12 Waive building permit fees Pros •Reduce owner’s costs by about $3,500. •No legal complexities. 13 Cons •Some other funding source would be required to cover the cost of permit review. Waive land use application fees •Land use applications are rarely required for ADUs. •The fee is about $600. 14 Waive land use application fees Pros •Reduce some owners’ costs by about $600. •Simple to administer. •No legal complexities. 15 Cons •Would affect a very small portion of new ADUs. Develop pre -approved plans •City could create a library of pre-approved building plans for stand-alone ADUs. •Property owner could reduce development costs: •lower the cost of architectural drawings •have lower building permit fees, as some elements would be pre-approved. 16 Develop pre -approved plans Pros •Reduce owner’s design costs by about $6,000. •No legal complexities. 17 Cons •Would only be useful to properties with no slope issues. Questions 18