A Rhode Island Planning Board has approved regulations requiring developers to build affordable houses in all projects over 6 units.
Kingstown, Rhode Island's Planning Board adopted the final piece of the town's inclusionary zoning requirement this week. The new regulations will require all developers building housing projects with 6 or more units to designate 20% of the project as affordable housing, priced to accommodate low- to moderate-incomes.
"In exchange, the developers will be granted density bonuses to offset the cost of building the affordable units. The regulations apply to all major land development projects, including condominiums and housing complexes for the elderly. All housing created under the regulations would have to remain affordable for at least 99 years."
FULL STORY: Inclusionary zoning gets final approval from Planning Board
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