City Enacts New Development Bonus for Affordable Housing Downtown


City Enacts New Development Bonus for Affordable Housing Downtown


On Tuesday, the Common Council adopted legislation to encourage the development of more affordable housing downtown. Developers can now add additional stories to new buildings proposed in the downtown area if at least half of the added space will be for affordable housing. The additional stories must fall within downtown height limits that protect the view of the State Capitol.

The downtown zoning code includes both a maximum building height and a maximum number of stories in a building. The number of stories correlates closely with height limits in commercial buildings, but leaves some room on the table for residential buildings that normally have shorter floor heights than commercial buildings. The result is that residential buildings rarely reach the height limits. That is changing now with the adoption of the affordable housing “floor bonus.”...


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- - Volume: 11 - WEEK: 10 Date: 3/9/2023 11:24:44 AM -