Inclusionary Zoning
Definition
A policy requiring developers to include affordable housing units in new residential projects, or pay into an affordable housing fund. Typically 10-20% of units must be affordable to low- and moderate-income families.
Louisville Context
Louisville currently has no inclusionary zoning—developers can build luxury apartments while affordable housing disappears. Inclusionary zoning would require developers receiving city incentives or zoning variances to make 15% of units affordable. For a 100-unit development, that’s 15 affordable apartments. Cities with inclusionary zoning have created thousands of affordable units.
Why It Matters
Market-rate development alone won’t solve the affordable housing crisis—it makes it worse by bidding up land prices. Inclusionary zoning ensures new development includes housing for all income levels, not just the wealthy.
Dave’s Proposal
Require 15% affordable units in all developments over 20 units that receive city incentives, zoning changes, or TIF financing. Affordability lasts 30 years minimum.