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Worcester Zoning Ord. art. VII

Citation
Worcester Zoning Ord. art. VII
Parent Document
Worcester Zoning Ord. art. VII
Jurisdiction
Worcester (municipal)

Full Text

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In lieu of constructing the required affordable housing units, an applicant may elect to make a
payment equal to three percent (3%) of the total construction value of all building permits for the
development, including trade permits. Applicants electing this option shall submit a detailed
construction cost budget as part of the Inclusionary Zoning Determination mentioned above in
Section 2 of this Article. Payments pursuant to this Article shall be made, in full prior to the
issuance of a certificate of occupancy, to the City’s Affordable Housing Trust Fund. Section 6 – Incentives