Article: Caution: You're About To Enter An Affordable Housing Zone
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Caution: You're About To Enter An Affordable Housing Zone
Inclusionary zoning ordinances and density bonuses?also known as "below market rate" (BMR) housing programs?can negatively impact the community. These affordable housing programs reward developers who earmark a percentage of new homes or condos for those in the low and moderate income brackets by letting them increase density, build taller structures and curtail open space and parking requirements. This can lead to over-crowding and infrastructure headaches for residents in the area.
But "below market rate" (BMR) housing programs are arguably problematic for other reasons. They are inherently unfair, hurt both market-rate and BMR property owners, rely upon an unfounded evaluation of the home ownership situation, and erroneously see the solution to the housing "crisis" as the...
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