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An ordinance to amend the Lake Forest Zoning Code and City Code to establish requirements for affordable housing in order to address the needs of low- and moderate-income households in the City.
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How to fill out Lake Forest Inclusionary Housing Ordinance

01
Obtain the Lake Forest Inclusionary Housing Ordinance form from the city’s website or local planning office.
02
Review the requirements outlined in the ordinance to ensure your project qualifies.
03
Prepare documentation of your project, including plans, financial statements, and projected costs.
04
Determine the percentage of units that must be designated as affordable, based on the size of your development.
05
Fill out each section of the form, providing detailed information about your housing units and compliance strategies.
06
Attach any necessary supplemental documents that demonstrate compliance with the ordinance.
07
Submit the completed form and documentation to the city planning department.
08
Pay any applicable fees associated with the inclusionary housing requirements.

Who needs Lake Forest Inclusionary Housing Ordinance?

01
Developers constructing residential projects in Lake Forest.
02
Affordable housing advocates seeking to ensure that new developments include affordable options.
03
City planners and officials working to implement local housing policies.
04
Potential homeowners and renters looking for affordable housing opportunities.
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Inclusionary Housing requires that all residential buildings proposing 20 or more new units provide a percentage of the new units at rents or sale prices affordable to households at 80% of the median family income or below. The City has defined additional regulatory options under the umbrella of this requirement.
As an extension of the Affordable Housing Plan adopted by its City Council in March 2005, the Lake Forest Plan Commission proposed an Inclusionary Housing Ordinance to require developers of new residential developments and conversion properties to provide affordable homes along with homes at market prices.
Supports the local economy and inclusive communities. The Inclusionary Housing Ordinance provides clear standards and monitoring to ensure that affordable housing will be built. It requires that affordable units be built integrated with market-rate housing.
The City of Morgan Hill has an Inclusionary Housing Ordinance (IHO) requiring residential developments in the City (excluding the downtown) to provide 15 percent of the units as affordable Below Market Rate (BMR) homes to create and maintain an income-based affordable housing inventory.
Inclusionary Housing What this policy does: Requires new residential developments of 10 or more units to designate 8% to 12% of the units as affordable, regardless of whether the home is for rent or for sale. In higher-cost areas of the city, such as downtown, developers must provide 2% to 3% more affordable units.
Inclusionary zoning was designed to provide affordable housing for low to moderate income residents through the private market. Since 1970, inclusionary zoning ordinances have been introduced throughout the nation, including Florida.

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The Lake Forest Inclusionary Housing Ordinance is a policy designed to promote affordable housing within the city by requiring developers to include a certain percentage of affordable units in their residential projects.
Developers of residential real estate projects that meet specific thresholds in Lake Forest are required to file under the Inclusionary Housing Ordinance.
Filling out the Lake Forest Inclusionary Housing Ordinance involves completing the official application forms provided by the City of Lake Forest, including all necessary documentation about the planned development and affordable housing provisions.
The purpose of the Lake Forest Inclusionary Housing Ordinance is to ensure a mix of housing options in the community, thereby addressing the need for affordable housing and promoting socio-economic diversity.
Required information includes the total number of housing units in the development, the percentage of affordable units, income targets for those units, and plans for the integration of affordable housing within the project.
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Relevant keywords

Lake Forest Inclusionary Housing Affordable Housing Zoning Code City Code Illinois Low-Income Moderate-Income Housing Requirements Development Agreements

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