What is inclusionary housing program?
The Inclusionary Housing Program (IHP) promotes economic integration in areas of the City undergoing substantial new residential development by offering an optional floor area bonus in exchange for the creation or preservation of affordable housing, on-site or off-site, principally for low-income households.
Is inclusionary housing effective?
A follow-up study by researchers at the University of California Los Angeles carefully compared the data for communities with and without inclusionary housing in Southern California. That study concluded that the adoption of inclusionary policies had no impact on the overall rate of production.
Why is inclusionary housing important?
Inclusionary zoning policies encourage the development of affordable housing in lowpoverty neighborhoods, thereby helping foster greater social and economic mobility and integration.
Who qualifies for affordable housing DC?
In its most basic terms, housing is considered affordable when a household spends no more than 30 percent of its income on housing and utilities.
Why inclusionary zoning is bad?
In addition, because inclusionary zoning requirements essentially shift the cost of housing subsidies onto new development, they raise its cost, and likely reduce the number of units that get built–which tends to aggravate housing shortages and further accelerate prices.
What are the disadvantages of affordable housing?
Con: The lower rents can also impact the surrounding community negatively, as communal resources are stretched to more people, leaving fewer dollars per person. Public housing becomes a liability when the resources needed to support it exceed the amount of local taxes and federal subsidies coming in.
What does it mean to gentrify a neighborhood?
Gentrification: a process of neighborhood change that includes economic change in a historically disinvested neighborhood —by means of real estate investment and new higher-income residents moving in – as well as demographic change – not only in terms of income level, but also in terms of changes in the education level …
What are inclusionary units?
Inclusionary housing programs are local policies that tap the economic gains from rising real estate values to create affordable housing for lower income families. An inclusionary housing program might require developers to sell or rent 10 to 30 percent of new residential units to lower-income residents.
Why is inclusionary zoning good?
What are the requirements for inclusionary housing in Huntington Beach?
These requirements include the following: Homes must be owner-occupied. Homes may not be rented. Home mortgage refinances and second liens must be approved by the City. Home re-sales must be approved by the City. Affordable homes are covenanted by the City for up to 60 years.
When does the inclusionary housing program in Orange County end?
By order of the Orange County Health Care Agency, City facilities will be closed effective March 18, 2020. If you are selling or buying a home in the City’s Inclusionary Housing program, please allow up to 60 days for the City to prepare the appropriate documentation. If you are refinancing your home, please allow up to 30 days.
How to apply for affordable housing in Huntington Beach?
As of January 6, 2017, the Office of Business Development charges fees for the following housing program services: Payment will be required at the time of application. Checks should be made payable to the City of Huntington Beach. From time to time, affordable homes are available for purchase (Get List).
Where is the city hall in Huntington Beach?
The address is City Hall, Office of Business Development, 2000 Main Street, Huntington Beach, CA 92648, Attn: Housing Analyst. The City provides for affordable low, median, or moderate income families through a City-wide Inclusionary Housing Program.