Specifies that low and moderate income housing exists when a city or town has adopted an inclusionary zoning ordinance requiring that all housing developments include at least fifty percent (50%) low or moderate income housing units.
Specifies that low and moderate income housing exists when a city or town has adopted an inclusionary zoning ordinance requiring that all housing developments include at least fifty percent (50%) low or moderate income housing units.
Establishes a program operated by the Rhode Island housing and mortgage finance corporation called the "housing land bank" to create affordable housing in RI with the authority to buy, receive, and hold real property for housing development.
Requires that affordable housing would be provided for with some developments.
Requires that affordable housing would be provided for with some developments.
Provides amendments to enable the development of state-owned vacant, abandoned or underutilized land for housing and the process therefore.
Provides amendments to enable the development of state-owned vacant, abandoned or underutilized land for housing and the process therefor.
Amends several definitions relating to low- or moderate-income housing as well as the procedure for the approval of low- or moderate-income housing.
Amends several definitions relating to low- or moderate-income housing as well as the procedure for the approval of low- or moderate-income housing.
Creates the department of housing land bank program to allow for the deposit of title to real estate assets for the purpose of developing residential housing.