Inclusionary housing; localities may create, etc., programs.

Inclusionary housing. Provides that localitiesmay create, implement, and enforce inclusionary housing programs applicableto new housing development and to conversions of previously non-residentialuses into residential uses. A locality establishing an inclusionaryhousing ordinance shall define the term "affordable" according tothe needs of the residents of that locality and shall ensure thatthe program is consistent with the locality's comprehensive planand any other local or regional housing plans applicable to the locality.The program shall further one or more of several specified goals and may offer a variety of incentives, such as density bonuses andfinancial incentives. In developing and adopting such housing programs,the locality shall create an advisory committee and actively seekinput from citizens, developers of residential and mixed-use property,real estate professionals, historic preservation professionals, redevelopmentand housing professionals, anti-poverty advocates, planners, urbandesign professionals, and finance professionals. To the greatest extentpossible, adopted programs should rely on market-based approachesto providing and maintaining inclusionary dwelling units.