Bill > S0488

This bill, the SC Inclusionary Zoning Act, amends the South Carolina code to authorize counties and municipalities to use inclusionary zoning strategies to increase the availability of affordable housing. It defines "affordable housing" and "inclusionary zoning," and outlines the requirements and incentives for local governments to adopt inclusionary zoning policies. The bill allows up to 30% of housing units in new multi-family or single-family developments to be designated as affordable, and requires local governments to offer incentives such as density adjustments or fee waivers to developers who include affordable units. The bill also establishes standards and procedures for the adoption and implementation of inclusionary zoning policies.