inclusionary zoning

inclusionary zoning definition - business

inclusionary zoning

Land use regulation that requires developers of a new tract of land to offer housing units affordable by a wide range of household incomes. For example, a developer is required to set aside a portion of housing units for low- and moderate-income households. Developers may be offered an incentive, such as an increase in density, as an offset to the added expense of inclusionary zoning.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.