WebMar 10, 2024 · The ordinance, which stipulates that housing developments subsidized with over $500,000 in city or federal funds must include affordable housing, was a milestone moment for the city—a degree of housing equity had been enshrined at a time when property values and rental rates were booming. WebSep 25, 2024 · Developers who receive more than a set threshold of public subsidies — $500,000 from either the city or state and federal programs — will be required to put aside 20 percent of their units (at minimum) for lower income residents going forward, the Detroit Free Press reports.
Inclusionary Zoning Tool - NAHB
WebApr 12, 2024 · The Worcester Together Affordable Housing Coalition, meanwhile, proposed a slightly different ordinance that included: That 10% of all units in new developments with more than 12 units be ... WebThe Inclusionary Housing Program (IHP) promotes economic integration in areas of the City undergoing substantial new residential development by offering an optional floor area bonus in exchange for the creation or preservation of affordable housing, on-site or off-site, principally for low-income households. how to save umbrella plant
A Look at Detroit
WebJul 1, 2024 · Inclusionary Affordable Housing Application, including applicable attachments $2,000 application fee To apply: Complete the Land Use Project Checklist Complete the Inclusionary Affordable Housing Application Email [email protected] for an application invoice that includes required information to complete electronic payment. WebLocally, inclusionary housing policies tend to be popular when the housing market is strong (i.e., housing prices are high and construction booming). However, there is usually a delay between the time inclusionary housing policy is first consid-ered and its adoption. It can make sense to adopt inclusionary housing policy before the market heats up. WebThe inclusionary zoning policy created by the ordinance applies to multi-family developments of 20 or more rental homes that receive at least $500,000 in subsidy … how to save unity project in github