ORDINANCE O-21-073
(4) The bonus density units do not count toward the base number of units for which an
Inclusionary Zoning requirement is calculated in this section. For example, a ten-
unit project with a ten percent inclusionary requirement and a 2:1 bonus density
ratio would be able to build eleven market rate units and one on-site affordable unit.
However, if the affordable unit is not provided on-site, or replaced with a fee- in-
lieu, the project could only build ten units.
F, Enforcement
(1) = Affordability of rental units shall be enforced through a deed restriction and lien
granted to the City of Nashua.
(2) Affordability of ownership units shall be enforced through a deed restriction.
Rental of affordable ownership units shall be permitted only upon notification of
the City of Nashua and demonstration of compliance with rental affordability
requirements as defined in this section.
G. Administration.
(1) This section shall be administered by the CDD, including establishing and updating
affordable sales prices and rents based on reasonable and documented
methodologies.
(2) | CDD shall promulgate regulations to further specify the details of this section,
which shall be approved after a hearing and vote of the Planning Board.”
This ordinance shall become effective immediately upon passage.
