Special to the Journal
Mayor Brian M. Arrigo announced a new Inclusionary Zoning ordinance that will increase affordable housing production in Revere. This new legislation is a result of the work developed through Revere’s first master plan in over 40 years, Next Stop Revere, which identified housing as a key priority for the city’s growth.
“This Inclusionary Zoning Policy is the first of its kind in Revere. We need to implement these strategies to meet the significant growing demand for affordable housing solutions for all in our community,” said Mayor Brian Arrigo. “Inclusionary Zoning Policy demonstrates how important it is that our housing production and policies keep pace so our residents live and stay in the City of Revere.”
The need for more affordable housing is increasing as the city continues to grow. Currently, Revere’s subsidized housing inventory is below the state’s goal of 10% of all housing units. Research conducted through Next Stop Revere highlighted that for every seven households that are eligible for deed restricted affordable housing, there is one unit of subsidized housing inventory. Further, many renters and homeowners in Revere are cost-burdened, meaning they spend more than 30% of their income on housing – 44% of homeowners and 53% of renters.
“We are proud Revere has emerged as one of the fastest-growing municipalities in Massachusetts, proving our focus on growth opportunities that come along with new commercial development, new jobs, and investments in Revere’s housing stock are crucial,” said Tech Leng, Chief of Planning and Development. “Over time, the adoption of an inclusionary zoning ordinance – one that is tailored to both Revere’s community needs and real estate market – will give the City a valuable tool to generate housing units that are affordable to many long-term residents and future members of our workforce.”
In September of 2021, Mayor Brian Arrigo took the first step in creating this new policy by establishing the Revere Inclusionary Zoning Advisory Committee (IZAC) – a group of individuals with experience in development, planning, and affordable housing whose task was to create an Inclusionary Zoning Ordinance that could be supported across all stakeholder groups and increase the production of new affordable housing across the city.
After eight months of detailed discussion, mathematical assessments, and thoughtful conversation with developers, the Inclusionary Zoning Advisory Board, in partnership with Metropolitan Area Planning Council (MAPC) and Mayor Brian Arrigo, a final proposed ordinance is ready for review. The new ordinance includes a balance of incentives for private developers to create these new units of affordable housing both on-site and through Revere’s Affordable Housing Trust Fund. The ordinance will be applied to any new construction that includes six or more new units of housing.
Requirements of the Inclusionary Zoning Ordinance Include:
12% of new units to be set aside as deed restricted affordable housing
Affordability to be set at 60% of Area Median Income (AMI) for both rented and owned units
Inclusionary Zoning would be mandatory for new construction of 6 or more residential units
Affordable Housing units must be dispersed evenly throughout the development; exterior indistinguishable from market rate units; equal and proportional to size and make up of market rate units
While the cost of building in the northeast is increasing, developers must balance community requirements against the rising cost of labor, materials and land. The financial feasibility of their development models that are subject to these new standards will be supported through government policies that allow for offsets in zoning that make their projects more financially acceptable to investors.
Offsets in the Inclusionary Zoning Ordinance include:
Reduction in parking requirements especially developments located within ½ mile of public transit
Reduction in dimensional requirements such as front and rear yard, minimum lot area and floor area ratios
Waiver of certain permit fees
As another tool to allow more residents to stay in Revere, we are creating the first Accessory Dwelling Unit Ordinance. This ordinance will provide means for residents, particularly seniors, single parents, and families with grown children to remain in their homes and neighborhood, and obtain extra income, security, companionship, and services.
Mayor Arrigo will present the Inclusionary Zoning Ordinance to the Revere City Council on May 23, 2022. The Revere City Council will then determine if it is adopted into the city zoning code.