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Board Of Aldermen - Agenda - 12/21/2021 - P8

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STARTING JULY 1, 2022

Inclusionary Zoning (IZ) Policy Matrix

PAYMENT IN
TOTAL TIER 1 LIEU FOR PAYMENT IN BONUS

Board Of Aldermen - Agenda - 12/21/2021 - P7

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THROUGH JUNE 30, 2022

Inclusionary Zoning (IZ) Policy Matrix

PAYMENT IN
TOTAL TIER 1 LIEUFOR PAYMENT IN BONUS

Board Of Aldermen - Agenda - 12/21/2021 - P6

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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

Board Of Aldermen - Agenda - 12/21/2021 - P5

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(2)

(3)

affordable below income maximums; and other relevant terms to ensure that the
units meet the intent of this ordinance.

Required affordable units must be integrated with the rest of the housing
development, must use a common entrance, and must provide no indications from
common areas that these units are affordable housing units.

Board Of Aldermen - Agenda - 12/21/2021 - P4

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ORDINANCE O-21-073

(2)

(3)

(4)

(3)

(6)

(7)

(8)

(9)

(10)

Location: “Citywide” refers to projects in any location in the City of Nashua other
than Downtown. “Downtown” refers to projects located in the Downtown.

IZ Required: This column indicates whether a housing development of a specific
unit count in a specific location is required to include below-market affordable units
as per this ordinance.

Board Of Aldermen - Agenda - 12/21/2021 - P3

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ORDINANCE O-21-073
AFFORDABLE HOUSING
Any housing unit for which occupancy is limited to households at or below income

levels for which the unit is intended to be affordable and for which maximum rents
or sales prices are set so the unit will be affordable at or below that income level.

AREA MEDIAN INCOME (AMI
The most current median income in the HUD Metropolitan Fair Market Rent Area

(HMFA) for Nashua, NH, adjusted for the number of persons in the household, as
determined by the U.S. Department of Housing and Urban Development.

Board Of Aldermen - Agenda - 12/21/2021 - P2

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Q-21-073

ORDINANCE

AMENDING THE INCLUSIONARY ZONING SUPPLEMENTAL USE
REGULATIONS

CITY OF NASHUA

In the Year Two Thousand and Twenty-One

The City of Nashua ordains that Part II “General Legislation”, Chapter 190 “Land Use”, Part 2
“Zoning Districts and Supplemental Use Regulations”, Article VI “Supplemental Use
Regulations”, Section 190-48 “Inclusionary Zoning” of the Nashua Revised Ordinances, as
amended, be and hereby is further amended by deleting the existing section and replacing it in its
entirety as follows:

Board Of Aldermen - Agenda - 12/21/2021 - P1

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SPECIAL BOARD OF ALDERMEN
DECEMBER 21, 2021

7:00 PM Aldermanic Chamber and via Zoom

To Join Zoom meeting: https://usO2web.zoom.us/j/86064624 182? pwd=VXV XKzloUjh20Ghkcj VO YnAwdUtYdz09
Meeting ID: 8606462 4182 Passcode: 334087

To Join by Telephone: 1-929-205-6099
Meeting ID: 8606462 4182 Passcode: 334087

If anybody has a problem accessing the meeting via phone or Channel 16, please call 603-589-3329 and they will help you
connect.

PRESIDENT LORI WILSHIRE CALLS ASSEMBLY TO ORDER

Board Of Aldermen - Minutes - 12/21/2021 - P37

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THANK YOU

Board Of Aldermen - Minutes - 12/21/2021 - P36

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Inclusionory Zoning Policy

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