2. Building an Inclusive Community
Davidson’s historic mix of people in all income levels is fundamental to our community, so town government will encourage opportunities and services that allow people of all means to live and work here.”
Town Mission Statement
Cindy Reid
NCHFA Housing Conference
2016- Raleigh

3. The Problem and Several Solutions
Inclusionary Zoning
Housing prices and cost of land
Loss of economic and racial diversity
Task Force- study all aspects of affordable housing
Diverse coalition of stakeholders and very public process
2001- adopted mandatory IZ
2016- re-visit program, similar process

4. Key Components 12.5% set aside applies to all new residential
Income targeting/distribution (80% to 120% AMI)
Deed restricted
Integrated (success with M/F)
Alternatives to on site construction
2015 lawsuit
PIL for all units -$26,550 per unit

5. IZ Ordinance- in action
Affordable housing plan
Value engineering
Standards and guidelines
Qualified buyers/Homebuyer education
DHC crucial partner
Resales
Ongoing monitoring

6. Where are we now? 15 years 68 plus 15 in RFP stage
70 renovated low income apartments (PIL contribution)
3 land donations and an AFH Trust Fund
Average sales price in DAV-
AFH homes- $96,000- $200,000

7. 2 Down Payment Assistance Programs
HOME funds (50%-80% AMI)
Affordable Housing Trust funds (PIL)(80% -120% AMI)
Waiting list

8. Other programs/solutions
Planning Ordinance
Form based code
No density limits in most planning areas
Accessory dwelling units allowed
Detached single family building type not permitted in certain planning areas
Smaller lots required