Allows the town of Smithfield to receive a one-half (1/2) credit for affordable housing units for manufactured homes in age restricted communities in conformance with all zoning laws and/or ordinances of the town.
Impact
The implications of S2917 on state laws revolve around the redefinition of what constitutes affordable housing within local jurisdictions. By allowing Smithfield to count manufactured homes in age-restricted communities toward its affordable housing quota, the bill intends to encourage the creation of more housing options for older residents. Furthermore, the enactment of this legislation may serve as a model for other towns and municipalities seeking similar accommodations under state housing law, potentially reshaping the regulatory landscape for affordable housing across Rhode Island.
Summary
S2917 is a legislative act that permits the town of Smithfield to receive a one-half credit for affordable housing units that are manufactured homes located in age-restricted communities. This bill represents an amendment to the Rhode Island Housing Resources Act of 1998, which aims to enhance the development and availability of affordable housing throughout the state. The primary objective of this legislation is to support the provision of affordable housing tailored to the needs of senior citizens and individuals residing in specific community settings.
Contention
While the bill aims to address the urgent need for affordable housing, it may face scrutiny concerning the potential implications for local zoning laws and the overall character of neighborhoods. Key points of contention include concerns regarding the integration of manufactured homes within established communities, and whether such a policy might diminish property values or alter community dynamics. Critics may argue that there need to be robust safeguards and community engagement processes in place to handle these changes effectively.
Allows the town of Tiverton to allow a half (1/2) credit for affordable housing for manufactured homes in age restricted communities in conformance with all zoning laws and/or ordinance of the town.
Includes manufactured homes on leased land under a long-term lease in excess of thirty (30) years at the time of enrollment within the classification of affordable housing.
Includes manufactured homes on leased land under a long-term lease in excess of thirty (30) years at the time of enrollment within the classification of affordable housing.
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.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Allows a municipality to set its own conveyance tax rate for residential properties sold in excess of $900,000.00 at $10 per $500. Provides collected taxes to be in a restricted account and distributed within 2 years for affordable housing.
Amends the definition of affordable housing to create separate categories for housing using private or state financing as opposed to financing from the federal government.