In a recent government meeting, discussions centered around a proposed development project that could significantly impact the rental landscape in the area. The project, which is still in the planning stages, involves a total of 443 lots, with 90 lots automatically excluded from rental considerations due to their proximity to Walker Farms. This leaves 353 lots eligible for rental, with a proposed cap of 20%, translating to approximately 70 lots that could potentially be rented out.
Key stipulations were outlined for the rental properties, including a restriction that no more than two units could be owned by a single entity or individual. Additionally, hardship exceptions could be made for homeowners facing deployment or other significant challenges, allowing them to rent their properties even if they reach the ownership cap. These rental agreements would also require adherence to maintenance standards and participation in Whitestown's rental registration and inspection program.
The planning commission had previously reviewed the proposal and voted unanimously in favor of it. However, concerns were raised during the meeting regarding the implications of allowing rentals, particularly in light of an existing development on the west side of the project, which could potentially allow for 312 unrestricted rentals. This raised alarms among council members and residents, who expressed worries about the potential for a high percentage of rental properties in the community, which could alter the neighborhood's character.
Residents voiced their apprehensions about the lack of clarity surrounding the hardship exemptions and the potential for the rental cap to be exceeded. Some council members suggested that discussions with the developer of the west side, Lennar, were necessary to ensure consistency across the entire Planned Unit Development (PUD) and to address the concerns of residents who were under the impression that the original agreement would limit rentals.
The meeting concluded without a vote, as this was the first reading of the proposal. Council members emphasized the need for further dialogue and consideration of the broader implications of the proposed rental policies before moving forward. The discussions highlighted the delicate balance between development and community integrity, as stakeholders seek to navigate the complexities of housing and rental regulations in the area.