Bill > H3091

This bill amends the South Carolina Code of Laws to add the "South Carolina Inclusionary Housing Act." The Act authorizes counties and municipalities to adopt voluntary inclusionary housing strategies to increase the availability of affordable housing for low- and moderate-income families. The Act defines "affordable housing" and "inclusionary housing policy," and outlines the parameters for such policies, including limits on the percentage of units that can be required to be affordable and provisions for developers to pay a "fee in lieu" rather than include affordable units. The Act also requires municipalities and counties to offer incentives, such as density adjustments or fee waivers, to developers who participate in the inclusionary housing program.