![]() ![]() GV Wire℠ has reached out to the governor’s press office multiple times for comment on VMT but has yet to receive a response. Regrettably, we find ourselves today in what is, in many respects, the worst of times.” Governor’s Office of Planning & Research In the best of times, keeping and fulfilling such a commitment is a huge challenge. “We appreciate your commitment to keeping the California Dream of homeownership alive. “Additionally, industry analyses indicate that the new VMT mandates will increase the cost of all housing types (including infill) and cost impacts will be particularly acute for suburban, new town and greenfield projects, which historically have been our state’s most affordable housing types,” the coalition said. Related Story: Fresno City Council Adopts VMT Plan Despite Unknown Costs, Impacts ![]() The coalition argues another regulation on the housing industry will further put the dream of homeownership out of reach for many because homes simply won’t be built. “While many local governments are currently closed in order to practice social distancing, the shift to VMT does not require an action on the part of the jurisdiction to formally adopt VMT.” - Kate Gordon, director, the Governor’s Office of Planning and Research Keeping Home Ownership Dream Alive And, while the developer bears the costs upfront, it is passed on to homebuyers and renters. It is foreseeable that much-needed housing and roadway projects will be the most impacted.”Īn official with the Building Industry Association of Fresno-Madera Counties has estimated that the VMT fees for a 20-unit project in Clovis would be $460,000 over 30 years - or $23,000 a unit. “We are concerned that the new VMT requirements will add significant cost, complexity, and liability to construction projects. The looming VMT mandate is all the more concerning now that economic survival and recovery are at stake,” the letter to the governor states. ![]() “New VMT mandates will predictably render many housing projects economically and technically infeasible. Related Story: Powerhouse SoCal Agency Urges Newsom: Delay VMT Law Projects Economically, Technically Infeasible: Opponents VMT’s backers say it will be an effective tool to reduce greenhouse gas emissions. VMT is the implementation plan for Senate Bill 743, which Gov. Then a fee is calculated for the development, with the funds going to subsidize items such as vanpools, mass transit passes, and bike lanes. For instance, if a person drives to multiple places a day - work, store, soccer practice, etc. Instead, a VMT calculation will be applied. That’s when housing construction projects will no longer be assessed a fee by how much traffic congestion they are expected to generate. The groups are concerned about the Vehicle Miles Traveled plan scheduled to take effect Wednesday. The SoCal BIA video says that VMT, in effect, will be a tax on new home buyers who commute in cars. A source tells GV Wire℠ the governor’s office received the video and called the California Building Industry Association. ![]() The Building Industry Association of Southern California produced a YouTube video (below) and sent it to Newsom. Gavin Newsom to delay a controversial plan affecting new development for one year.Īmong the groups: the Southern California Leadership Council, LA County Economic Development Corp., California Business Roundtable, Los Angeles Chamber of Commerce, and California Building Industry Association. A coalition of 30 business and industry associations have asked Gov. ![]()
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