Purpose

The purpose of inclusionary zoning is to guide new development and reuse projects so that they support the town's goal of housing diversity consistent with the town comprehensive plan, and with statewide planning and housing guidance. The intention of these provisions is to assure that all new residential developments of five or more dwelling units will contribute to the supply of housing at affordable prices in the town.

To achieve that intention, a share of the units resulting from such developments is to be affordably priced, subject to a price limitation to assure initial affordability, with deed rider or land lease assuring that purchaser's or tenant's incomes meet prescribed limits at the time of initial purchase or occupancy and that such affordability and income eligibility will again be observed at the time of future turnover.

The following is the town's preferred progression of affordable housing options:

• • (1) Affordable units developed on site.

  • (2) Off-site rehabilitation of affordable units in existing buildings.

  • (3) Off-site new construction of affordable units.

(Ord. No. 07-21, § 3, 9-10-2007; Ord. No. 18-23, § 1, 10-29-2018)