Inclusionary Zoning

[GRCentro]

Wikipedia - Inclusionary Zoning

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Basically, the local government requires new developments to include a minimum number of low-income housing units (typically 10-30%). In exchange, developers may be awarded certain zoning variances, grants, tax breaks, etc.

It seems like a great planning tool. It achieves two things. First, it ensures that the city retains affordable housing units. Second, it steers away from a "monoculture of poverty" by requiring low-income housing to be built alongside market-rate units.

I see inclusionary zoning, potentially, as a means of doing gentrification "right".

Thoughts?

[Cotuit]

It's something we're hoping will happen in Providence, but it is going to take a while still to re-write the zoning laws.