Cost-mitigating provisions

The following cost mitigation measures are provided as a subsidy to contribute to offsetting the net cost impact of providing housing units at affordable prices.

• • (1) Density bonus. The number of housing units allowable on the site or sites involved shall be increased above that otherwise allowable by a number equal to the number of inclusionary units required by section 21-601. The net increase in housing units shall not exceed 50 percent of the original property yield before any density bonuses were applied. At all times, the percentage of affordable units shall be no less than ten percent.

    • a. Reserved.

    • b. For land within the groundwater recharge and wellhead protection overlay districts or the Narrow River SAM Plan, such density bonus may be exercised only upon determination by the planning commission that documentation from the applicant, including deeded performance standards satisfactory to the CRMC and the planning commission, assure that the intentions of those districts and that plan will be met.

    • c. Guidance materials for determining the densities and numbers of units allowable per those rules are to be prepared and regularly updated by the town planning department in consultation with the department of water supply, the CRMC, and the planning commission, and shall be made easily available to applicants.

    • d. Reserved.

  • (2) Limitations adjusted. The planning commission shall have the authority to adjust the applicable dimensional regulations of article IV as it finds necessary to accommodate the allowed bonus and consistent with good planning practice. The adjusted dimensional regulations applicable to the development shall be shown on the final plat for the development.

  • (3) Exemption from impact fee requirements. Housing units restricted in sale price or rent per these requirements shall be exempted from the impact fee requirements of article XXI, development impact fees.

  • (4) Expedited permitting. All involved departments, boards and staff shall develop and implement procedures which will expedite the application and review procedures for residential developments subject to inclusionary requirements to the extent consistent with assuring well-considered outcomes, by measures such as giving scheduling priority to applications involving inclusionary units, arranging for staff assistance to applicants, or concurrent rather than sequential agency reviews.

(Ord. No. 07-21, § 3, 9-10-2007; Ord. No. 18-23, § 1, 10-29-2018; Ord. No. 20-12, § 1, 5-18-2020)