Title
Be it hereby ordained that Chapter 12 of the Revised Ordinances of 1991 be amended relative to Inclusionary Zoning
Body
Be it hereby Ordained by the Malden City Council that the Revised Ordinances of 1991 as amended be hereby further amended as follows:
By adding a new Section 700.15 to Chapter 12 Zoning as follows:
700.15 Inclusionary Housing
700.15.1 Purpose: TBD
700.15.2 Applicability. TBD
700.15.3 General Requirements.
700.15.3.1 Implementation Plan. TBD
700.15.3.2 Household Income. TBD
700.15.3.3 Affordability. TBD
700.15.3.4 Quantity and Distribution of Units. TBD
700.15.3.5 Disposition and Right of First Refusal/Option to Purchase. TBD
700.15.3.6 Long-term Affordability. TBD
700.15.3.7 Tenancy Preservation. Units created for rental purposes under the provisions of this ordinance shall be subject to the provisions of 24 C.F.R. § 966 Subpart B (Code of Federal Regulations, Title 24 - Housing and Urban Development, Part 966 - Public Housing Lease and Grievance Procedure, Subpart B - Grievance Procedures and Requirements).
700.15.4 Alternative Methods of Compliance.
700.15.4.1 Establishment and Finding of Need. TBD
700.15.4.2 Compliance Alternative Methods: TBD
700.15.5 Incentives for Provision of Additional Affordable Housing Units. TBD
700.15.6 Procedures.
700.15.6.1 General. TBD
700.15.7 Implementation, Compliance and Enforcement.
700.15.7.1 Rules and Regulations. TBD
700.15.7.2 General Compliance and Enforcement. TBD
700.15.8 Needs Assessment Review. TBD