What is IZ?
Incentive Zoning is a policy that requires developers to provide benefits to the community when they are allowed to build higher or bigger through upzones. Many major cities in the U.S. have adopted some form of incentive zoning, also called inclusionary housing, as highlighted here. For example, in Washington, DC, developers must offer 8-10% of all units in a project to households making 50-80% of average regional income in exchange for building 20% above existing zoning limits. While in other cities the policies are mandatory, Seattle officials proposed IZ as a voluntary program. From the beginning, with the Mayor’s proposal in the summer of 2007 to the Land Use Committee Chair’s proposal in the fall of 2008, City officials have targeted moderate-income residents, even though the affordable housing crisis in Seattle is far worse for low-income working families. What should Incentive Zoning do? In our campaign for a better IZ policy, we called upon City officials to make IZ a cornerst
Related Questions
- Is it practical to require that IZ developments project unit finishes, fixtures and equipment at application for a CIZC? On what basis would the Zoning Administrator evaluate them?
- Has the District met with the lending community to ascertain its response to IZ foreclosure rules?
- Who agree Tony Iommi iz da worst guitar player ever?
