S.R. No. 3 Summary

• Requests counties that have implemented inclusionary zoning policies to conduct a study examining how those policies impact affordable housing inventory.

• Inclusionary zoning requires a percentage of new residential development units to be priced as affordable for low to moderate income residents, but research indicates it can reduce overall affordable housing supply.

• Study must address how the policy affected new housing production, resale and ownership patterns of units built under the policy, owner-occupancy exemptions, and profits realized by first buyers.

• Directs certified copies of the resolution to be transmitted to the mayor of each county.