Browse another municipality →
Narragansett
Town of Narragansett Zoning Ordinance
Read in full Download
§ 7A.2

Assurance of affordability

  • (a) Basic requirement. All inclusionary units provided under section 7A.4, and other affordable units provided under subsequent sections or approved within a comprehensive permit application, shall meet the definition of "low or moderate income housing" as contained in R.I.G.L. 45-53-3. The required minimum term of affordability shall be not less than 30 years or such longer period as specified in sections 7A.4, et seq., as applicable.

  • (b) Eligible occupants. Ownership units shall be occupied by their purchasers as their primary residence and not rented. Rental units may be sub-leased only with the approval of the Narragansett Housing Authority or the state-approved monitoring agent to a household meeting the applicable income restrictions on affordability.

  • (c) Qualification and monitoring. In order to assure that the occupancy and level of affordability of low or moderate-income housing units are maintained over time in accordance with this ordinance and with Rhode Island Housing regulations, the developer shall contract with the Narragansett Affordable Housing Corporation for the following purposes:

    • (1) To determine pricing for initial sale, resale, lease or sublease of inclusionary or affordable dwelling units;

    • (2) To qualify purchasers or renters for occupancy based upon household size and income; and

    • (3) To assist in the development of a marketing and resident selection plan that meets state and federal fair housing requirements, to be approved by the planning board.

Should the Narragansett Affordable Housing Corporation not be available to provide such services, the developer shall contract with another monitoring agency approved by the Rhode Island Housing and Mortgage Finance Corporation.

  • (d) Long-term affordability. Long-term affordability shall be assured through a land lease or deed restriction, recorded in the Narragansett Land Evidence Records prior to the sale or lease of the affordable unit, addressing the following items:

    • (1) The basis for calculation of the maximum allowable sales or rental price for the housing unit both initially and on future buyers or renters;

    • (2) A marketing plan that meets local preferences and state and federal fair housing requirements;

    • (3) Provisions for monitoring and assurance of compliance over time; and

    • (4) Provisions under which the town may exercise a right of first refusal to purchase an affordable unit being offered for sale.

(Ch. 901, § 2, 7-21-2008)