Rhode Island H7372 allows the town of Tiverton to set density bonuses based on its zoning.

Rhode Island H7372 amends zoning laws to allow the town of Tiverton to determine its density bonuses based on its underlying zoning. The bill also outlines rules for fee-in-lieu payments, density bonuses, and municipal subsidies for affordable housing developments. It specifies that affordable housing units must remain affordable for at least 30 years and sets minimum per-unit fees for affordable single-family homes and condominium units.

Rhode Island H7372 allows the town of Tiverton to set density bonuses based on its zoning.

Rhode Island H7372 amends zoning laws to allow the town of Tiverton to determine its density bonuses based on its underlying zoning. The bill also outlines rules for fee-in-lieu payments, density bonuses, and municipal subsidies for affordable housing developments. It specifies that affordable housing units must remain affordable for at least 30 years and sets minimum per-unit fees for affordable single-family homes and condominium units.