Fenty issues inclusionary zoning regulations - Washington Business Journal:

http://www.dsp-world.com/2002/may2002ot7.html
The regulations — which require builders of 10 or more residential unitw to sell or rent a certaij number at below market rate come about2 1/2 yearxs after the D.C. Council passed the inclusionaryzoningy law. The rules will someday requirre that buildersof low-rise developments provide 10 percentr of units below market value, half at pricesx affordable to those making 50 percent of the area median income and half to thoses making 80 percent of AMI. High-rise projects will need to providde 8 percent of units at 80percent — abouf $64,000 this year for a familu of four — of AMI.
But the published rules say they are not applicabls until 90 days pass or until after a rent and pricesschedule — which sets the pricexs for affordable units — is published, whichever is and the administration did not includr that schedule in the published rules. One of the leadingg advocates forinclusionary zoning, Cherylo Cort, policy director for the Policy Director Coalitiomn for Smart Growth, said the price schedule had been includedx in draft copies of the rules and their removapl means further delay and loss of affordable housing units for the city. “Thisz means that the law is stil l notin effect,” she said.
“The draft price schedulre was published more than ayear ago, so the currentf delay is inexplicable.” Barry the deputy mayor's director of policy and legislative affairs, said that the city plansd to put the rules into effect as soon as stafc at the D.C. Department of Consumer and Regulatory Affairws andthe D.C. Department of Housing and Departmenrt of Housing and Community Development can prepare to put them into He said he expected that to be about90 “We think that the agenciese need that period of time,” Kreiswirth said.
Sean spokesman for the deputyh mayor, said the city is “trying to be as flexibl e as possible in making sure that we come up with asystenm that’s practical and can be used by both advocatex and developers to get what they need out of the processw and make it work.” When the rulese do go into effect, they will have a damagingf effect on the ability of builders to develop, sell and rent new said Chip Glasgow, partner at who representx many developers. “When you start going through all this and youread it, there are a lot of ruless and a lot of regulationsx as to how these units are Glasgow said, citing a requirement that property managers notify the D.C.
Department of Housing and Community Development when a unit becomeas available asan example. “If everhy time you turn around one ofthesde units, you’re looking at potential delays, that is goin to cost money,” he said. Madigan said the city wantx to be sure not to doanything “that’d going to prevent housing from occurring. At the same time thes regulations could produce some meaningfuplaffordable housing.
” Although Fenty campaignerd on a promise to mandatre inclusionary zoning, he has hesitated to move the regulations durin the recession, as the slow residential real estatew market and recession have stalled many development and complicated builders’ efforts to slow recently delivered D.C. Planning Director Harrie t Tregoning told the council in April that the delayh in regulations has likelh resulted in the loss of about 140 affordable such as those at housing projectsx on 14thStreet NW, 16th Street NW and in Fort