Impact Fees Since the Great Recession
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Learning Outcomes
- Identify key housing and economic trends that occurred over the last decade and how those trends affected local government planning.
- Understand the potential effects of significant changes in the national economy on the administration of impact fees at a local government level.
- Learn about recent case law impacting the establishment and administration of impact fees.
More Course Details
As the housing boom of the 2000s approached its apex, local governments turned to impact fees to offset part of the burden this historic growth created on the need for new infrastructure. During the recession years of 2007–09, many communities repealed or drastically reduced impact fees in hopes of spurring economic development. A dramatic reduction in impact fee revenues during this time and since has affected local government finance and capital planning efforts in a host of ways.
A decade later, the world of public facility finance has not returned to a pre-recession state of normalcy. Hear panelists review the legal, technical, economic, and practical state of affairs for impact fee practitioners and developers alike since the Great Recession.
Speakers discuss:
- New research on the nature of the housing boom and subsequent crash of the 2000s
- Key housing and economic trends from 2009–19 and their effect on local government capital facilities planning and financing
- New research into the lagging supply of infrastructure capital
- State-level impact fee trends through various growth cycles
- Impact fees and housing affordability
- Recent impact fee cases
- The changing dynamics of public finance, privatization, and capital improvement planning