Agenda - 03-21-1990 - Laserfiche WebLink

Browse Search

• = 15 [14] [15] LAND USE 159 e. Suffice The Utopian Example markets To understand fully the concept that inclusionary housing ibout the advocates have hit upon, a theoretical example of this mecha- nism in operation, The Township of Utopia, on a 100-acre prop- es in the erty known as Fairhaven, will be examined. conomic In this example, the city council of Utopia is concerned about conomic the lack of affordable housing and has asked both the city attor- lier, may ney and a professor of urban planning, who also purports to :g and its understand the economics of the housing and land development ny factor business, to come up with a land development ordinance that nd/or the will produce low-cost housing, avoid litigation, and be fair to labor or new-market home buyers, land owners, and housing developers. emand— After considerable discussion and study, the city attorney and onomists the professor advise the city council that a mandatory set-aside have an ordinance will be legal and fair to all affected parties, providing ct to tell that all of the following rules are observed: he hour- (1) The ordinance must simultaneously bestow a benefit upon ►ted with and extract an obligation from all affected properties. �ht of the (2) The benefit bestowed on the land must have a value at ase their least equal to and probably greater than the cost of ful- filling the obligation. ins as to (3) To make the system work, the city council must be careful of that to apply it only to land that has a substantial residual �e, how- capacity for higher-intensity uses than those permitted under the current zoning. :osts in a in hous- The city council and the planning board agree to follow this ;reement advice and, after carefully studying the housing market and :ism that evaluating all substantial undeveloped properties within the city Iso drive limits to designate three pieces of property for inclusionary rezoning, including our specific example, a 100-acre parcel cur- the in- rently zoned residential at a permitted density of four housing ered, in units per acre. esults in :.eed the County, The New inclusionary Ordinance 00 qual- The new inclusionary ordinance increases Fairhaven's per- . loss of mined density from four to ten units per acre but requires that 20 1 of that percent of all housing units built on the property be low- and vise pay moderate-income units. The ordinance requires that half of the willing- set-aside inclusionary units be low-income units, that they be F .. 1