City responds to report of uncollected fees - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

City responds to report of uncollected fees

Posted: Updated:

SAN DIEGO (CBS 8) - The City of San Diego's Housing Commission is firing back after a newspaper report revealed millions of dollars uncollected in developer fees. 

The San Diego Union Tribune report was based on a recent audit and states that the commission failed to collect fees from builders who used public money to develop low-income apartments. 

However, the city says the Union Tribune got it all wrong and those fees are just deferred. 

"It doesn't mean that the payments are forgiven. It doesn't mean it goes away. It just means that the property performs financially as well as it can, that it pays the soft debt as it can," said Rick Gentry, San Diego Housing Commission. 

Officials say the fees will be paid when there is a cash flow, or when the property is resold or refinanced. 

Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.