inclusionary zoning
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inclusionary zoning
Zoning that requires inclusion of low- or moderate-income housing in new residential developments.
Also found in: Wikipedia.
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The city, for instance, could implement inclusionary zoning, requiring a certain percentage of units in newly constructed buildings to be offered at affordable rents, as has been done by cities elsewhere.
The City of Toronto is hosting public consultations starting Monday to obtain input on a new policy that would create mixed-income housing by requiring new residential developments to include affordable housing units, also known as inclusionary zoning.
Aldermen decided they are interested in incentives (such as reducing permit fees and land-cash donations); inclusionary zoning (requiring such units); demolition taxes; and property contributions.
What's the best way for local governments to implement inclusionary zoning policies?
Brenneke also blamed Portland's inclusionary zoning policy for slowing residential developmentto a standstill.
This obviously just the shell of an idea, and the details would be complicated (including building in protections against abuse), but to date all the affordability initiatives such as inclusionary zoning, government subsidies, non-profit building, and the like have had no substantial impact because the scale of such initiatives is so small when compared to the overall housing market or they are just feel-good ideas that don't have much impact at all.
Newark has also adopted a new Inclusionary Zoning Ordinance that requires developers to make 20 percent of their new housing affordable to working families in an effort to make sure the rising city lifts all of its residents.
"Our inclusionary zoning policy will make it mandatory for developers to allocate 15 to 20 per cent of every project for affordable housing.
And, he adds, "Neither the county or the city have a mandatory inclusionary zoning ordinance" that would require developers to make a percentage of their units affordable in exchange for density bonuses.
The panel will also explore the implications of rent control, tenant opportunity to purchase act (TOPA), and inclusionary zoning in cities like Washington D.C.
Fannie Mae offers reduced interest rates to developments that participate in local "inclusionary zoning" programs.
He also supports inclusionary zoning laws, like those used in Montgomery County, Maryland, that set aside a proportion of new development units for families of modest means.
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