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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.
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