Facilitron Introduces New Product: Facilitron DevFees™
Seeking to transform developer fee management across the
Also known as impact fees, developer fees are one-time charges expensed to developers to help fund capital improvements associated with community growth. Though these fees often focus on funding infrastructure improvements such as roads or wastewater treatment, in some states schools also benefit from developer fees levied by governments on their behalf to finance the construction or renovation of school facilities required to meet education demands. These fees, which may be paid directly to the school districts themselves, are an important source of funding for school facilities.
Though districts must conduct periodic justification studies to receive the funding, Facilitron estimates that school districts in
The fee collection and permitting process itself, however, is exceedingly time-consuming and burdensome for both school districts and developers. School districts are required to staff an office with published hours of operation for receiving and processing applications, and developers, who may include do-it-yourself homeowners unfamiliar with the permitting process, must physically travel to this location at the appointed hours to submit an application and receive an estimate of cost. If a payment is not made upon receipt of the estimate, then the applicant may be required to return to the location at another time to make a payment.
Faced with these issues,
"Initial reaction from both school district administrators and community developers has been very positive," says Facilitron CEO
Facilitron's easy-to-use online portal enables developers and administrators to more quickly and efficiently register development projects, collect fees and issue compliance certificates. Facilitron's solution allows developers to easily create and submit project details from anywhere by mobile phone or laptop. Facilitron's AI-powered application review analyzes project details and alerts applicants and administrators if any issues are detected with the submitted materials. Built-in tools accurately calculate fees based on uploaded specifications, and developers can securely pay fees online rather than in-person. Once fees are processed, administrators can verify and approve applications and instantly issue compliance and permitting documents.
"We now look forward to expanding this new product launch to schools and cities across the country," Benjamin continued. "We're also exploring how its capabilities can benefit fee management and collection in other industries."
About Facilitron:
Headquartered in
For more information visit: facilitron.com
Contact:
(706) 540-6258
[email protected]
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SOURCE Facilitron
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