Join Homes For All Now in asking local government officials to become better informed about how excessive increases in regulatory fees can make new homes less affordable.
The increases in regulatory fees are further escalating home sale prices. Those fees already add up over $90,000 to the price of newly built homes. The higher the fees get, the more expensive new homes become.
Since the onset of the pandemic, cities, counties and school districts, among other taxing agencies, have been raising fees – including impact fees – to allow construction of new homes, townhomes, condos and apartments. The rising fees – combined with skyrocketing construction material and labor costs – are pushing home prices to new heights. That cost burden impacts homebuyers, particularly in markets like Broward and Palm Beach counties where a large segment of the population can not afford to buy a home.
Tell your elected officials we need their support to help control home prices so more residents can enjoy the benefits of owning a home.
Drastic fee increases, like those recently experienced with the Broward School District, can have a dramatic impact. In 2020, the district proposed increasing school impact fees from $6,888 to $9,049 for three-bedroom properties and $6,888 to $12,295 for four-bedroom properties. The school impact fees are collected to build new schools to meet demand fueled by new developments. However, Broward Public Schools are seeing a consistent decline in enrollment and that trend is expected to continue until 2026, making it unnecessary to raise impact fees to build new schools. Despite objections from the Gold Coast Builders Association and the Builders Association of South Florida, the district went ahead and increased school impact fees by 25 percent, impacting home prices.
Through Homes For All Now, ask city, county and school district elected officials to become more informed about how an excessive increase of regulatory fees may negatively impact affordable homeownership opportunities for all.
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Homes For All Now is the result of a partnership between The Gold Coast Builders Association (GCBA) and Builders Association of South Florida (BASF). Members of the two South Florida-based builder associations are dedicated to fulfilling the “American Dream” of owning a home for all. GCBA and BASF are local affiliates of the National Association of Home Builders (NAHB) and Florida Home Builders Association (FHBA).
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