AN ACT RELATING TO TOWNS AND CITIES -- ZONING ORDINANCES

Summary

The bill amends Rhode Island's zoning law to require that at least 15% of units in a new development be affordable for 30 years, with a minimum trigger of 10 units. Municipalities can meet the requirement on‑site, off‑site, by land donation, or by paying a calculated fee, and they receive a density bonus of one market‑rate unit for each affordable unit unless a fee‑in‑lie or off‑site method is used. Funds collected from fee‑in‑lie payments must be spent on affordable housing within three years or transferred to the state housing fund.

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