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@charlie: IZ requires affordable housing for developments that would otherwise not have any. Other types of projects, like those that go thru a PUD rather than just a matter of right development with IZ, also are following IZ, but are called exempt. The other big type of exempt project are subsidized affordable housing where levels of affordability exceed those that would occur under IZ and absent a subsidy. IZ offers broader coverage so that most housing development has some kind of affordability. IZ fills a gap, and creates a new kind of subsidy with a density bonus. With this collection of tools, we get coverage of much of the city's development. Some areas like downtown are exempt all together, but overall these tools work together to provide broad coverage.

by Cheryl Cort on Jul 12, 2012 1:55 pm • link • report

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