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(Homebuilders\222 study says new construction pays for itself)Tj
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(A study released Thursday by the Charleston Trident Home Builders Associ\
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(impact fees. The study was rolled out the day after the S.C. General Ass\
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(By Molly Parker)Tj
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(Published Feb. 13, 2009 )Tj
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(A study released Thursday by the Charleston Trident Home Builders Associ\
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(impact fees. )Tj
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(The study was rolled out the day after the S.C. General Assembly approve\
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(allow Dorchester District 2 to charge builders an impact fee of up to $2\
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(\223People think that housing doesn\222t pay its way. People think exist\
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(new-home owners. That\222s not true,\224 said Elliot Eisenberg, senior e\
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(But Sen. Mike Rose, R-Summerville, who sponsored the legislation, said r\
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(years in Dorchester County has financially hamstrung the school district\
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(students without adequate funding to keep up with infrastructure demands\
. )Tj
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(The district currently needs to build 15 additional schools, Rose said. \
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(\223It\222s real simple,\224 Rose said. \223Whoever creates the problem \
should pay for the problem. People )Tj
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(here do not want to tax themselves for new people.\224 )Tj
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(But the homebuilders association\222s study says it is the other way aro\
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(new development that subsidizes existing development. )Tj
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(\223People are misinformed about the benefits of home construction,\224 \
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(The study estimates that each new single-family home costs local governm\
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(combined $22,282, and each multifamily unit costs $13,815. That includes\
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(and fire services, roads, sewers and schools \227 the most costly expend\
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(residents. )Tj
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(It also posits that the construction of 3,425 single-family units and 1,\
824 multifamily units in one )Tj
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(year in the Charleston market would generate $82.8 million in new taxes \
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(The study says that operating surpluses would be available after the sev\
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(After 15 years, the homes will generate a cumulative $433.6 million in r\
evenue, compared with )Tj
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($374.3 million in costs, including annual current expenses, capital inve\
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(Rose said he had not seen the study; but he questioned its usefulness, a\
s Dorchester District 2 is )Tj
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(clearly in need of new buildings and without the money to build them. In\
this economic climate, he )Tj
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(said the chance of the state\222s paying for new school buildings is sli\
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(\223Impact fees are not a silver bullet, not a panacea, but it\222s one \
funding source among others,\224 Rose )Tj
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(said. \223Right now, it\222s nonexistent for schools. And that\222s ludi\
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(Under current state law, municipalities and counties can charge builders\
limited impact fees to pay )Tj
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(for roads, sewers, firehouses and other services. )Tj
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(Rose\222s legislation applies to only District 2. That\222s because the \
political will doesn\222t exist to make it )Tj
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(a statewide law, he said. Earlier in the week, the Senate Finance Commit\
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(Rose that would have extended the ability to leverage impact fees to all\
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(Critics have questioned the constitutionality of the passage of legislat\
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(school district. State law prohibits lawmakers from writing laws pertain\
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(The bill is expected to be ratified and sent to the governor next week. \
Sanford spokesman Joel )Tj
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(Sawyer said his office has not made a determination about the bill but w\
ill \223take a close look\224 when )Tj
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(it hits Sanford\222s desk. )Tj
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(Reach Molly Parker at 843-849-3144.)Tj
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