What is the policy of inclusionary zoning?
Inclusionary zoning is defined as any mechanism under local law that requires or encourages private-sector developers to construct affordable units. The task force’s proposal has all the hallmarks for the potential enactment of a mandatory inclusionary zoning ordinance.
The report notes that a density bonus should be one of several compliance mechanisms, which gives developers “height and density in return for the provision of affordable housing.” The task force additionally recommends a citywide set-aside scheme for projects that exceed 25 units. This would require a developer to “set aside” a percentage of low-cost units on a new development if the developer receives “direct public subsidy.”
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