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Title: Authorizes Inclusionary Zoning
Vote Smart's Synopsis:
Vote to pass a bill that authorizes a city to establish inclusionary zoning regulations.
Highlights:
- Authorizes a city or county to adopt a regulation, plan, or condition for a permit that requires up to 20 percent of units in a new multifamily structure to be designated as “affordable housing” (Sec. 1).
- Defines “affordable housing” as housing that is affordable to a household with an income of at least 80 percent of the median family income for the county (Sec.1).
- Specifies that an inclusionary housing regulation applies to multifamily structures containing at least 20 housing units (Sec. 1).
- Requires an inclusionary housing regulation to offer developers certain incentives including, but not limited to, density adjustments and height or floor area modifications (Sec. 1).
- Authorizes a city or county to impose a construction tax up to 1 percent of the permit valuation for residential construction permits (Sec. 8).
- Appropriates 35 percent of revenue gained from a construction tax to programs and incentives related to affordable housing (Sec. 9).