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Exp-IZ-sign-on-lette R-7-14-20-FNL.pdf

Exp-IZ-sign-on-letter-7-14-20-FNL.pdf

Preview of Exp-IZ-sign-on-lette r-7-14-20-FNL

🔗 Source: smartergrowth.net

📊 Size: 502 KB

👤 Author: Cheryl Cort

⬇️ Downloads: 347

Summary

A coalition of organizations, including the Coalition for Nonprofit Housing and Economic Development, DC Fiscal Policy Institute, and Enterprise Community Partners, submitted a letter to the DC Office of Planning expressing support for expanded Inclusionary Zoning (IZ) in the District of Columbia. The current IZ regulations require 8-10% of units in new developments to be priced at 60% of Median Family Income (MFI) for renters or 80% of MFI for owners. The coalition supports expanding IZ to capture more value from rezonings and provide more affordable housing units, particularly in areas with significant job and educational opportunities. They recommend creating a 50% of MFI option for IZ rental units, obtaining 3 and 4 bedroom IZ units to serve larger families, and applying Expanded IZ when changing the Production, Distribution, Repair (PDR) zone to a residential zone. The coalition also proposes adding a new option for a matter-of-right density bonus for affordable developments with at least 20% affordable units at 60% of MFI.

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Description

A coalition of organizations, including the Coalition for Nonprofit Housing and Economic Development, DC Fiscal Policy Institute, and Enterprise Community...

Technical Information

File Format: PDF
File Size: 502 KB
Pages: 4
Language: EN
Author: Cheryl Cort
Total Downloads: 347
Last Updated: 5 hours ago

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