Rhode Island H8281 allows Smithfield to set density bonuses based on its zoning.

Rhode Island H8281 amends zoning laws to allow the town of Smithfield to determine its density bonuses based on its underlying zoning. The bill specifies that affordable housing units must remain affordable for at least 30 years and that inclusionary zoning requirements do not apply where there is a limitation on development density. It also outlines the process for fee-in-lieu payments and the use of zoning incentives and municipal subsidies. The act takes effect upon passage.

Rhode Island H8281 allows Smithfield to set density bonuses based on its zoning.

Rhode Island H8281 amends zoning laws to allow the town of Smithfield to determine its density bonuses based on its underlying zoning. The bill specifies that affordable housing units must remain affordable for at least 30 years and that inclusionary zoning requirements do not apply where there is a limitation on development density. It also outlines the process for fee-in-lieu payments and the use of zoning incentives and municipal subsidies. The act takes effect upon passage.