What Does 10% Affordable Housing Mean?
Most cities and towns in Rhode Island are “incentivized” to provide 10% of their year-round housing as low or moderate-income housing (LMIH). The “incentive” is that in towns without 10% deed-restricted, affordable units, developers can file development proposals known as “Comprehensive Permits” that allow them to build at much higher densities than zoning or environmental objectives would usually allow as long as 25% of their units are LMIH.