Mitigation Fee Act: development impact fees: qualified residential ownership and qualified rental projects.

CA AB874 aimed to modify the Mitigation Fee Act to allow certain residential projects to qualify for reduced development impact fees. This would have made it easier for developers of both ownership and rental housing to afford construction costs and potentially increase housing availability in California. The bill ultimately did not pass.

Supporters of CA AB874 would argue that the bill was a crucial step towards easing the housing crisis in California by reducing financial barriers for developers. By lowering development impact fees for qualified projects, it aimed to encourage more residential construction, helping to increase the supply of affordable housing in the state.

Critics of CA AB874 might contend that the bill would have undermined local governments' ability to fund essential services through development impact fees. They could argue that reducing these fees could lead to inadequate infrastructure and services for new residents, ultimately harming communities and taxpayers.