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Residential <br />•For-Sale Townhomes: Feasible under favorable conditions <br />•Market-Rate Multifamily Rentals: Feasibility challenges due to high development costs, <br />stagnant rental rates, & rising financing costs <br />•Affordable Multifamily Rentals: Strong feasibility challenges with or without impact fees <br />due to significant financing gaps typical in affordable housing <br />Market Feasibility <br />•Office, Retail, Hotel, & Medical Office Developments: face financial feasibility challenges in current market even with no City impact fees or fee increase <br />•Industrial developments: marginally feasible in current market <br />New development may still occur if lower-than-typical land or construction costs (e.g. non-residential development projects with identified tenants) <br />14