• Posts by Fawaz A. Bham
    Posts by Fawaz A. Bham

    Fawaz’s practice focuses on the acquisition, development, leasing and disposition of real estate nationwide, financing of projects secured by real estate, originating commercial mortgage-backed securities and balance ...

Time 3 Minute Read

Development impact fees, a common tool used by local governments to fund public infrastructure and services, play a crucial role in the process of urban and suburban growth. These fees are levied on developers in conjunction with new construction or revitalization projects to offset the costs associated with increased demand for roads, schools, utilities and other amenities necessitated by development. In other words, they are used to soften the “impact” that the new development is going to bring to the infrastructure already in place.


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