Title
Be it ordained by the Malden City Council that the Code of the City of Malden (MCC) 12.12.300 INCLUSIONARY ZONING is hereby amended by including a new sub-section that shall be titled F. INCENTIVES
Body
F. Incentives
To facilitate the objectives of this Section, a development subject to this Section shall comply with all applicable requirements of the Ordinance, except for requirements stated in the following incentive provisions:
1. Density Bonus.
a. For any project subject to this Ordinance, for every required Affordable Housing Unit in a development, the developer may build two (2) additional dwelling units in the development, regardless of the residential density requirement of the Ordinance. In Affordable Projects, all additional dwelling units must also be Affordable Housing Units.
b. For an Affordable Project, an additional one (1) story, not to exceed a height of eleven (11) feet, is allowed beyond the number of stories allowed for the given residential use by special permit. The Special Permit Granting Authority is the body granting the special permit for the use.
2. Location.
a) The Planning Board may grant a special permit for an Affordable Project use, provided height does not exceed three (3) stories and a height of 35 feet, in any district in the City, excluding Industrial Districts.
3. Parking Adjustment. For developments subject to this Section, off-street parking must be provided in accordance with the below requirements:
Table of Off-street Parking and Loading Regulations
|
Use |
Minimum Number of Parking Spaces |
Minimum Number of Loading Bays |
Minimum Number of Loading Spaces |
|
Inclusionary Project |
1 space per unit |
N/A |
N/A |
|
Affordable Project |
0.75 space per unit |
N/A |
N/A |
Be it further ordained that the Use Table Project categories as outlined in sub-section F. Incentives shall be defined as noted:
“Inclusionary Project”: a development which includes only the Affordable Housing Units required by the provisions of this Ordinance.
“Affordable Project”: a development in which all residential units are Affordable Housing Units.