Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How are the rents or sales prices for density bonus projects regulated?

April 26, 2017Bonus density prices Projects regulated rents sales

0

Posted

How are the rents or sales prices for density bonus projects regulated?

1 Answer

0

Posted

Developers of density bonus projects enter into an Affordable Housing Agreement with the Community Development Commission, which establishes the levels at which affordable units may be sold or rented and the time period during which the affordable units must remain affordable. Commission staff monitors buyer incomes and purchase prices as units are sold and monitors rental units at least annually.