2022 Multifamily Regulations Cost Survey

Name

Company

Title

Email Address This question requires a valid email address.

When answering this survey, please refer all your answers to the typical (most common) multifamily project your company builds.

Respond only for your local office/division, if you are part of a larger company.

3. What is the total dollar amount spent on development costs in your typical project?

$

4. For a typical piece of land, how much does it cost to apply for zoning approval as a % of total development cost? (Include costs of fiscal or traffic impact or other studies, and any review or other fees that must be paid by time of application. Please enter "0" if application costs are Zero percent).

%

5. For a typical project, how many months does it take between the time you apply for zoning approval and the time you begin site work? This question requires a valid number format.

months

6. How much does it cost to comply with regulations when site work begins, as a % of total development costs? (Include costs of complying with environmental or other regulation as well as the cost of hook-up or impact or other fees.) Please enter "0" if cost of complying with these regulations is Zero percent.

%

7. How much do development requirements that go beyond what you would otherwise do (in terms of property layout, landscaping, materials used on building facades, etc.) add to your cost, as a % of total development costs? (Please enter "0" if the jurisdiction's requirements don't go beyond what you would normally do.)

%

8. In the typical case, what is the value of any land that must be dedicated to the local government or otherwise left unbuilt (for parks, open green space, etc.), as a % of total development cost? (Please enter "0" if dedicating land is required infrequently).

%

9. How many months does it take between the time you begin site work and the time you obtain authorization to begin construction of the apartment building(s)?

months

10. How much extra time (in months) overall does complying with regulations add to the development process? (Please enter "0" if regulations typically cause no delay).

months

11. When you obtain authorization to begin construction, how much do you pay in additional fees, as a % of total development costs? In many cases, this will be only a permit fee, but include any additional impact or hook-up or inspection fees if they kick in at this time. (Please enter "0" if fees paid during or after construction are Zero percent).

%

12b. In the typical case, how much do these requirements (or a fee in lieu of affordable housing) cost as a % of total development cost? (Please enter "0" if inclusionary zoning/affordable housing mandates/fees in lieu of affordable housing are encountered infrequently).

%

12c. In the typical case, how much do these additional requirements raise the rents of market-rate units?

%

15. Over the past 10 years, how much have changes in construction codes and standards added to the cost of building a typical multifamily project, as a % of total development costs? (Please enter "0" if code changes have had minimal impact on costs).

%

16. How much does complying with OSHA or other labor regulations cost, as a % of total development cost? (Please enter "0" if labor regulations have no impact on development costs).

%

18. In the typical case, how much costs are added to a project due to neighborhood opposition to multifamily development, as a % of total development costs?

%

19. In a typical case, how much extra time (in months) does it take to address neighborhood opposition to multifamily development?

months

20. Comments: