The Inclusionary Zoning (IZ) expansion efforts continue in DC.
Under existing rules, when office buildings, churches, hotels and the like are converted into residential buildings, Inclusionary Zoning does not apply unless the project delivers at least 10 units and either gained 50% more gross floor area (GFA) or used IZ to get bonus density. Under the new proposal, IZ would apply to any conversion of at least 10 units in any zone where IZ is applicable.
"The original IZ analysis, when looking at holding land value constant, did not analyze change in uses, not only because there may not be bonus density, but also because the interplay of values between non-residential and residential is dynamic, complex, and quite specific to neighborhoods and even property," the OP report states. "The proposal seeks to balance keeping ahead of changing market dynamics of conversion of nonresidential buildings to residential use while minimizing the disincentives for conversion."
If the zoning amendment is approved, residential conversions with less than 10 units would still be exempt, as would buildings that already had some residential units and converted space to create at least 10 more units. As with the IZ XL text amendment proposed earlier this year, D zones will also remain exempt.
The Office of Planning is also doing additional study now on the nuances of encouraging more conversions-to-residential in the pipeline.
The Zoning Commission is expected to set the text amendment down for a public hearing next week, and next month there is a hearing for the IZ expansion proposed earlier this year. Additional IZ zoning text amendments are expected to follow.
- DC’s Office of Planning Wants to Mandate Inclusionary Zoning in Almost All Exempt Zones
- Zoning Commission to Consider Expanding Inclusionary Zoning in DC Next Month
- Could DC Incentivize Office to Residential Conversions?
See other articles related to: church-to-residential, conversions, dc office of planning, hotel-to-residential, inclusionary zoning, office of planning, office-to-residential, zoning commission, zoning text amendment
This article originally published at https://dc.urbanturf.com/articles/blog/office-of-planning-proposes-requiring-inclusionary-zoning-units-in-resident/17949.
Most Popular... This Week • Last 30 Days • Ever
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
Eights month after a new proposal to redevelop part of the Takoma Metro station was p... read »
The new images provide a better sense of the big residential plans in the works for t... read »
As we approach the end of the year, UrbanTurf is taking a final look at the DC neighb... read »
On Tuesday, the Federal Housing Finance Agency announced an increase to mortgage loan... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
Plans for the New York-based eatery appear to be moving forward.... read »
The development for four parcels at The Yards from Brookfield Properties and the Menk... read »
The concept includes 14 lanes for bowling, a 1,200 person concert venue, a craft bar ... read »
The zip codes that are home to Brentwood, Takoma Park and sections of Hyattsville top... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro