(A) (1)
A major housing goal of the town is to obtain in the community a sufficient number of housing units by type, style and price to afford residents a suitable dwelling of their choice.
(2) The town finds that it is in the best interest of the community to support opportunities for persons of varying economic levels to reside in the town and that the provision of affordable housing opportunities is important to achieve this community goal.
(B) The affordable housing density bonus is intended to assist materially the housing industry in providing adequate and affordable shelter for all economic segments of the community and to provide a balance of housing opportunities for low- and moderate-income persons throughout the town.
(C) The Board of Adjustment, through the issuance of a special use permit, may grant a density bonus for any residential development. Such residential development shall be subject to a site plan review process as required in this chapter. The Board of Adjustment, through the issuance of a special use permit, may grant a density bonus for any residential development where the total number of units, including the maximum allowable density bonus, is less than the thresholds established through calculations outlined in §§ 153.139 and 153.140.
(Ord. passed 4-9-2013; Ord. 2021-03, passed 6-8-2021)