WebInclusionary housing is a type of municipal policy that requires a certain number or percentage of units in new market-rate developments to be affordable for lower-income residents (i.e., the units must cost below market-rate) in order to increase the supply of affordable housing and to increase economic diversity in desirable neighborhoods. WebWhat is Inclusionary Zoning (IZ)? IZ is a land use technique for developing diverse mixed-income communities by requiring each new residential development to make a percentage of the new units affordable to targeted incomes. It often lets developers build more units through a “density bonus” along with other incentives to help the program operate better.
§ 15.2-2304. Affordable dwelling unit ordinances in certain ... - Virginia
WebSep 1, 2015 · Inclusionary zoning stipulates that new residential developments have to have a certain number of apartments or condos, which are then deemed “affordable,” where the rent or the selling price is lower than the market rate and that are only available to people whose incomes fall below a certain level. WebInstead, inclusionary programs establish maximum rent levels based on the number of bedrooms in a unit and allow property owners to charge those rents to any income-eligible tenant. The rent may be set assuming that a two-bedroom apartment will be occupied by a three-person household, however, the actual tenant household may include two-four ... imperial auction market imperial
Inclusionary zoning & housing policies - County Health Rankings
WebInclusionary zoning and housing policies may be based on mandatory requirements or development incentives, such as expedited permits and approvals, relaxed design standards, fee waivers or reductions, or density bonuses (i.e., permits for larger buildings when affordable units are included on-site). WebIn 2010, the City of San Jose, Calif. imposed an inclusionary housing ordinance, which required developments of 20 or more residential units to set aside 15 percent as affordable, either on-site or off-site. Alternatively, developers could pay a $122,000 in-lieu fee per required unit. The California Building Industry Association argued that ... WebView Module 5- Discussion.docx from BIO 425 at Arnold High School. The strategy of dispersing poor people into higher income neighborhoods rather than investing in the communities where they imperial auth form