The intent of this article is to set forth standards for inclusionary zoning, as defined by and consistent with R.I.G.L. § 45-24-46.1. The purposes of this article are as follows:
A.
To promote affordable housing production in the town in accordance with the goals and policies of the West Greenwich Comprehensive Community Plan;
B.
To encourage the development and availability of housing that qualifies as low- and moderate-income housing as mandated by the Rhode Island Low and Moderate Income Act, and the Rhode Island Comprehensive Housing Production and Rehabilitation Act of 2004,[1] as amended;
[1]
Editor's Note: See R.I.G.L. §§ 45-53-1 et seq. and 42-128-8.1, respectively.
C.
To promote mixed income household occupancy in new subdivisions and land development projects throughout the town;
D.
To encourage and perpetuate the historic diversity of the community through the development of housing and housing for all populations within the town, including, but not limited to, housing for the resident workforce and housing for special needs populations;
E.
To allow landowners and/or developers a reasonable return on their investment through the provisions of density bonuses to write down land and infrastructure development costs as part of a municipal subsidy program for the construction and/or rehabilitation of affordable housing units.