100% housing plan still has staff support

The town and county’s decision to implement a 100 percent housing mitigation requirement for all full-time, year-round employees has been widely criticized since it was approved last week, but it actually sets in motion principles the community has long espoused.

The previous land development regulations required that 20 to 25 percent of residential units in a development be deed-restricted affordable housing, while nonresidential development like restaurants, retail stores or office space were required to provide deed-restricted units only for the seasonal workers generated.

Developers looking to build affordable housing came before the town and county countless times telling the electeds that the residential mitigation rate was too high to build even a slightly profitable project.

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Posted by Stefani
Nov 27, 2017