On December 7, the Town will consider an Affordable Housing Ordinance that requires 10% affordability as well as Policy Incentives for new residential developments.
On December 7, the Town will consider an Affordable Housing Ordinance that requires 10% affordability as well as Policy Incentives for new residential developments. The ordinance is a commonly used tool to ensure that some of the units in new developments are affordable to seniors, students and the workforce. Inclusionary housing requires and incentivizes developers to provide residential units at a price that is considered affordable to low or moderate-income households. The Policy Incentives would provide additional density, reduced parking and an additional concession to make production of affordable housing more viable in the Town. Residents and those who work in the Town are encouraged to provide input at the December 7 Town Council meeting.