09.20.2021
To
Sarah Marchant
Community Development
Division Director
City of Nashua, NH
From
Kyle Talente
President
RKG Associates, Inc.
Re
Inclusionary Zoning
Financial Feasibility
Analysis Add-On Services
Request for Quotes Proposal
Ms. Marchant,
On behalf of RKG Associates, we are excited about the prospect of building upon our collective
effort to understand the financial impact of a revamped inclusionary zoning policy by assisting
the City of Nashua in crafting a new policy. RKG Associates understands that time is of the
essence and is ready to commit the resources to ensure the City’s Board of Aldermen are engaged
effectively to understand the impacts of changing the existing inclusionary zoning policy and to
make an informed decision on how to structure the components necessary to make a new more
efficient and effective policy. The following narrative highlights the approach RKG
recommends for the City to consider.
Task 1: Aldermen Engagement
RKG Associates believes this effort will require three workshops with the Board of Aldermen as
part of this process. RKG Associates assumes all workshops will be held through Zoom or
another teleconferencing platform. Those meetings should cover:
=" Workshop #1 — Components of an Inclusionary Zoning Policy (October 5, 2021)
This meeting will provide the Alderman an introduction to the components or regulatory
options that are traditionally part of an inclusionary zoning policy. Topics will include,
but not be limited to, AMI thresholds, percentage requirements for affordable units,
payment in lieu, bonus density, etc. RKG Associates will detail how each component
works, its benefits and challenges, and potential impact on development. This meeting
will focus on understanding the Alderman’s interests/priorities/concerns that will frame
the creation of a draft policy.
«" Workshop #2 — Draft Policy Workshop (October 19, 2021)
This meeting will allow the RKG Team to present the draft inclusionary zoning policy
for the Alderman to consider. The RKG Team will detail the structure and requirements
of this draft policy to gamer support and/or comment from the Alderman on how to
finalize the policy.
" Workshop #3 — Recommended Policy Review (November 2, 2021)
Based on the results of the previous meeting, RKG will revise the inclusionary zoning
policy for final presentation. This meeting will be the final presentation to the Alderman
to garner any final recommendations/changes. RKG anticipates that this meeting will
solidify the Alderman’s position on the policy, allowing RKG to provide a final
recommendation to the City.
Task 2: Draft Policy Creation
The RKG Associates Team will develop new inclusionary zoning policy that reflects the results
of RKG’s prior financial modeling efforts and input from the first Alderman workshop. The
policy will be informed by best practices for inclusionary zoning, regulations that align with the
results of RKG’s financial feasibility model, and policy approaches preferred by the Alderman.
