Riverside County Reduces DIF Starting October 13, 2011

Good News!

The Riverside County Board of Supervisors voted this morning to extend the temporary reduction of development impact fees effective October 13, 2011.  The reduction will be in force for one year, ending in October 2012.

HOWEVER, the previous temporary reduction expired on August 9.  Since the new reduction will not take effect until October 13, the DIF will be 100% between August 9 and October 13.  

If you have any questions, please call our government affairs gurus at (951) 781-7310.

La Quinta Defers DIF Increase

Great news from our Government Affairs Team! On Tuesday, June 21st the La Quinta City Council voted 5 – 0 to defer the implementation of the increase of its DIF for residential units for another six months.   

The fee deferral represents a savings to the industry in the amount of $3,238 per unit and will be in place until December 30, 2011.    

This is the third extension that the Riverside County BIA has secured for the industry and, as a result, will continue to freeze the current fee for a single family dwelling unit at $4,475.     

If you have any questions, please contact Deputy Director Bill Blankenship at (951) 781-7310 or bblankenship@riversidebia.org.