2. MetroCOG workforce housing study
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2. MetroCOG workforce housing study
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<br />o Changes in development standards that can identifiably reduce costs such as: <br /> <br />· minimum lot sizes <br />· square footages <br />· parking <br />· set-backs <br />· garages <br />· types of construction materials <br /> <br />o Allowing accessory dwelling units <br /> <br />Inclusionary zoning must be linked to the housing market potential demand. It is <br />most successful in strong residential markets where prices are increasing and the <br />economy is strong. It does not create new units in a slow market where little new <br />housing is being developed. <br /> <br />With density bonuses, the local government and the developer must determine if <br />the developer's revenue from increased density will actually offset the cost of <br />adding workforce housing. Caution must be exercised to not burden developers <br />with time-consuming and complex requirements and reviews. Care must be taken <br />to not over-burden buyers with excessive restrictions on equity gain in their home. <br />Inclusionary zoning works best in larger development projects. <br /> <br />26 <br /> <br />Linda S. DOllnellv. :\.1,('.1'. <br /> <br />..\ ugllsl 2006 <br />
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