Inclusionary Housing In-Lieu Fee Amendments for Shea Aura and Serenity
Summary
Final map approval and affordable housing agreements for the 164-unit Shea Aura residential subdivision at Portola and Isabel avenues ensure 17 on-site affordable units and in-lieu fee contributions.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Sep 28, 2026.
Impact analysis
Developer will pay in-lieu fees of $158,818 per unit for unbuilt moderate-income obligations if designated buyers are not secured.
Future home buyers, moderate-income households, and the city's regional housing needs allocation progress benefit from the project.
Moderate-income prospective home buyers seeking for-sale restricted housing units in these specific developments.
Mentions & discussions (2)
City Council - Sep 28, 2026
Final map approval and affordable housing agreements for the 164-unit Shea Aura residential subdivision at Portola and Isabel avenues ensure 17 on-site affordable units and in-lieu fee contributions.
City Council - Jun 8, 2026
The city council approved requests from Shea Homes to pay in-lieu fees for moderate-income for-sale townhomes that have struggled to sell, allowing funds to be redirected toward deeply affordable senior and rental housing projects.
Related development
Shea Aura (Tract Map 8612)
Adds 164 residential units to the housing stock with 17 dedicated affordable units and associated public infrastructure improvements.
Shea Aura & Serenity Inclusionary Housing Amendments
Converts moderate-income for-sale requirements into in-lieu fees to fund deeply affordable rental housing while maintaining overall unit counts and minimum on-site affordability percentages.
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