Park Ridge workshop explores density‑bonus incentives for affordable units; commissioners split on 1:1 approach
Staff presented four decision points for a voluntary density‑bonus program — bonus ratio, affordable percentage, size thresholds, and payment‑in‑lieu — and commissioners debated 1:1 ratios, caps, and tiered thresholds; staff will return with written scenarios showing how different formulas would play out locally.
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City staff presented a draft framework for a voluntary density‑bonus program designed to incentivize on‑site affordable housing as part of new development. The program outline covered four elements: the density‑bonus ratio (how many additional market units a developer may receive per affordable unit provided), the affordable percentage target, the minimum project size at which incentives apply, and whether to allow payment in lieu of on‑site units.
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