How Developers Can Tackle Water and Impact Fees in Multifamily

Developers of multifamily projects are very cognizant of the current construction and operating costs required to keep their units reasonably priced for what is the most affordable residential product available in most urban communities.

One area that is often overlooked in this quest for affordability are the impact fees associated with water, stormwater, and sanitary sewer (collectively referred to as development resources). Being aware of how impact fees will affect development and taking calculated measures to reduce such fees not only makes multifamily developments more affordable and profitable, but also addresses an important concern of any developer, which is the availability of these limited and necessary development resources.

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