What is the purpose of inclusionary zoning?

Study for the IEDC Real Estate Development and Reuse Exam. Harness the power of flashcards and multiple-choice questions, each enriched with hints and explanations. Get ready for success!

The purpose of inclusionary zoning is primarily to encourage the development of affordable housing within communities. This planning strategy aims to create a more equitable housing market by requiring or incentivizing developers to include a certain percentage of affordable units in new housing developments. The goal is to ensure that people of varying income levels can access housing within the same area, which contributes to social equity and diversity. Inclusionary zoning policies often address the shortage of affordable housing by integrating such units into market-rate developments, thus supporting a mixed-income community and preventing socioeconomic segregation.

This approach not only helps meet the housing needs of lower-income residents but also promotes community sustainability by allowing diverse populations to live in closer proximity.

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