Inclusionary Zoning Flashcards

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Questions and Answers

What does CBO stand for?

  • Community Budget Online
  • Centralized Benefit Office
  • City Business Offices
  • Community-Based Organizations (correct)

What is Inclusionary Zoning?

A program that requires 8% to 10% of the residential floor area to be set aside for affordable rental or for sale units

What does DHCD stand for?

  • Division of Housing and Community Development
  • Department of Healthy Community Development
  • Department of Housing and Community Development (correct)
  • Department of Housing and City Development

What is an ADU?

<p>Affordable Housing Unit</p> Signup and view all the answers

What does MFI stand for?

<p>Median Family Income</p> Signup and view all the answers

What does AMI stand for?

<p>Area Median Income</p> Signup and view all the answers

What does FMR stand for?

<p>Fair Market Rents</p> Signup and view all the answers

What are Fair Market Rents?

<p>A formula used to determine payment standard amounts for the Housing Choice Voucher program, to determine initial rents for housing assistance payment contracts and for rent ceilings for rental units in both the HOME Investment Partnerships program and the Emergency Solution Grants program</p> Signup and view all the answers

What is Bonus Density?

<p>A concept that allows developers in inclusionary zones to build a 20% larger building than would normally be allowed for that particular zone, to make up for the below market-rate for set-asides</p> Signup and view all the answers

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Study Notes

Inclusionary Zoning Concepts

  • CBO: Community-Based Organizations focused on local community needs and initiatives.
  • Inclusionary Zoning: Mandates that 8% to 10% of residential floor space must be allocated for affordable housing options.
  • DHCD: Department of Housing and Community Development, responsible for overseeing housing policies and community growth.

Housing Definitions

  • ADU: Stands for Affordable Housing Unit, designed to provide housing options for low-income families.
  • MFI: Median Family Income, a benchmark used to assess income levels within a specific area.
  • AMI: Area Median Income, indicating the median income within a geographical area, often used to determine eligibility for affordable housing programs.
  • FMR: Fair Market Rents, established guidelines to set payment standards for housing assistance programs, ensuring affordability.

Housing Programs and Policies

  • Fair Market Rents: Calculation method for payment standards under programs like Housing Choice Voucher, HOME Investment Partnerships, and Emergency Solution Grants, ensuring initial rents and ceilings are appropriately established.
  • Bonus Density: Enables developers to construct buildings that are 20% larger than standard zoning permits in exchange for adding below-market rate units, helping meet inclusionary zoning requirements.

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