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General IZ Info |
This site provides some helpful links to prospective owners, tenants, and developers of inclusionary zoning (IZ) units here in the City of Madison.
Land use applications received between July 21, 2006 and December 31, 2008 were governed by a new ordinance (Subsection 26). Land use applications received after January 5, 2009 are not covered by inclusionary zoning. The inclusionary zoning ordinance was repealed by invocation of a sunset clause, which took effect January 5, 2009. All projects approved prior to this date (to which IZ applied) are still covered by the ordinance in effect at the time of their approval. All owner-occupied inclusionary units, after the qualifying sale, shall be governed by the new Subsection 26(c)9 — a streamlined option to purchase, and new equity terms. This replaced the former ordinance subsection dealing with an option to purchase and homebuyer terms. Inclusionary zoning is a policy tool that relies on zoning laws to encourage or require developers to provide affordable units in their new housing developments, usually in exchange for greater flexibility in zoning regulations, or increases in density or other benefits. State laws form the statutory basis for many local governmental zoning powers, and these vary greatly from state to state. Most inclusionary zoning ordinances deal with the creation of moderately priced dwelling units, not very low income housing such as "public housing". Most ordinances help create new housing units affordable to workers like teachers and nurses and clerical staff, households earning incomes which in the Madison area would translate to incomes of roughly $35,000 to $55,000 per year. Madison's ordinance stated its purpose as furthering the availability of the range of housing choices for families of all income levels in all areas of the City. The Council acted on the judgment that a full range of housing options promotes diverse and thriving neighborhoods, schools, and communities, and aids in the recruitment and retention of businesses and their employees, each of which contributes to the overall economic well-being of the City. At the beginning of 2009, the requirements of the IZ ordinance were removed from all future zoning applications. To achieve these goals, the Council expected that every development meeting the necessary qualifications would offer housing at sales prices affordable to people at 80% or less of the Area Median Income (AMI), adjusted for household size. In return, the City offered a range of incentives to developers, from greater density to consideration for reductions in park fees, to special financial assistance or variances in parking requirements. The following City agencies were involved in the inclusionary zoning (IZ) process:
For more information about the City's
Planning and Zoning process, contact the Planning Unit at (608) 266-4635
or planning@cityofmadison.com.
For more information about the City's investments in affordable housing,
contact the CDBG Office at (608) 267-0740 or cdbg@cityofmadison.com. |
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