The Santa Fe Chamber of Commerce supports the Santa Fe Area Homebuilders Association and the Santa Fe Association of Realtors in their opposition to raising impact fees on new residential construction. The Chamber recognizes that hundreds of local contractors were severely impacted by the recent recession and we have seen little sign of significant recovery in the construction sector. We believe that the City should be incentivizing job creation for local contractors, not adding additional burden and expense to the cost of new housing. The Chamber urges the City Council to amend the proposed ordinance to remove any language eliminating the 50% reduction on residential development impact fees.

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