Housing and Community Development
 

 

Housing Market Area

(HMA)

Very Low

Low

Moderate

Workforce

Total Inclusionary

Housing %

South Coast

2.5%

2.5%

5%

5%

15%

Santa Ynez

2.5%

2.5%

5%

5%

15%

Santa Maria

2.5%

2.5%

0%

0%

5%

Lompoc

2.5%

2.5%

0%

0%

5%

 

The grey-highlighted portions of this table reflect the adjustments to the County’s Inclusionary Housing Requirements.  The percentages represent the percent of housing units that will be price-restricted to the applicable affordable level.

 

In-Lieu Fees for the Inclusionary Housing Ordinance

 

Housing Market Area (HMA)

Very Low and Low

Moderate and Workforce

South Coast

$150,600

$562,700

Santa Maria

$79,600

$204,300

Santa Ynez

$115,200

$340,000

Lompoc

$77,300

$176,800

 

In-Lieu Fee Update for Very Low and Low Units based on % change in median sales price of condominiums

 

HMA

2015 Median Sales Price of Condominiums

2016 Median Sales Price of Condominiums

% Change

2016 In-Lieu Fee

plus % change

2017 In-Lieu Fee

South Coast

$675,141

$661,980

-1.95%

 $153,600

-2,994.23

 $150,600

Santa Maria

$218,278

$240,310

10.09%

 $72,300

7,297.64

 $79,600

Santa Ynez

$359,281

$400,000

11.33%

 $103,500

11,730.14

 $115,200

Lompoc

$186,000

$208,000

11.83%

 $69,100

8,173.12

 $77,300

 

 

In-Lieu Fee Update for Moderate and Workforce Units

 

HMA

2016 Median Sales Price of Condominiums

15% of Median Sales Price of Condominiums

2017 In-Lieu Fee

South Coast

$661,980

$99,297

$562,700

Santa Maria

$240,310

$36,047

$204,300

Santa Ynez

$400,000

$60,000

$340,000

Lompoc

$208,000

$31,200

$176,800

 

 

 

Median Condominium Sales Price by HMA, 2010-2017       

 

Year

HMA

 

South Coast

Santa Maria

Santa Ynez

Lompoc

2010 (released July ‘11)

$477,292

$168,257

$232,884

$181,355

2011 (released July ‘12)

$474,351

$134,000

$255,000

$180,000

2012 (released July ’13)

$415,000

$139,740

$241,867

$123,050

2013 (released July ’14)

$487,704

$187,500

$310,000

$120,544

2014 (released July ’15)

$573,738

$204,200

$383,591

$188,696

2015 (released July ’16)

$675,141

$218,278

$359,281

$186,000

2016 (released July ’17)

$661,980

$240,310

$400,000

$208,000

Documents

2017 Board Letter

Notice of Exemption

Adopted IHO