Municipal subsidy

The Town of Jamestown may grant municipal government subsidies for the development of low- and moderate-income housing in the approval of a comprehensive permit application consistent with municipal government subsidy as that term is defined by G.L. 1956, § 45-53-3(12).

The Town of Jamestown shall provide one or more municipal government subsidies to a comprehensive permit applicant to offset the differential costs of the low or moderate incoming housing units, including, but not limited to, the minimum incentives required by G.L. 1956, § 45-53-4(b). The planning commission shall have sole authority to exercise this authority for any applications submitted under this section 82-1600.

A municipal subsidy may take the form of a density bonus, land banking, waiver of local policies such as sewer permits, or waiver of fees such as subdivision fees, building permit fees, or sewer development lot fees. The town may also consider other such waivers or bonuses that may become available to the town in the future and which achieve essentially the same purpose. In extraordinary cases, the town may consider providing direct financial support to a low- and moderate-income housing development.

(Ord. of 2-3-2025(1), § 1(Exh. A))