In order to offset the differential cost of the low- or moderate-income housing units in the section, the following municipal subsides shall be provided:
(A) Adjustments, meaning a request, or requests by the application to seek relief from the literal use and dimensional requirements of the zoning ordinance and/or the design standards or requirements of the land development and subdivision regulations. The standard for the Planning Board's consideration of adjustments is set forth in this Code and R.I. Gen. Laws § 45-53-4(d)(2)(iii)(E)(II).
(B) Density bonus. The town shall provide the following density bonuses for projects submitted under this section provided that the total land utilized under in the density calculation shall exclude wetlands, wetland buffers, area devoted to infrastructure necessary for development, and easements or rights-of-way of record.
(1) For projects connected to public water and sewer, or eligible to be connected to public water and sewer, demonstrated through written confirmation from each respective service provider the following density bonuses are provided:
(a) For projects providing at least 25% low- and moderate- income housing the density bonus shall be five units per acre.
(b) For projects providing at least 50% low- and moderate- income housing the density bonus shall be nine units per acre.
(c) For projects providing at least 100% low- and moderate- income housing the density bonus shall be 12 units per acre.
(2) For properties not connected to either public water or sewer or both, but which provide competent evidence as to the availability of water to service the development and/or a permit for on-site wastewater treatment system to service the dwelling units from the applicable state agency the following density bonuses are provided:
(a) For projects providing at least 25% low- and moderate- income housing the density bonus shall be three units per acre.
(b) For projects providing at least 50% low- and moderate- income housing the density bonus shall be five units per acre.
(c) For projects providing at least 100% low- and moderate- income housing the density bonus shall be eight units per acre.
(Ord. 2024-5, passed 4-1-24)