New Orleans Comprehensive Zoning Ordinance
Printed: 9/28/2023 8:41:57 AM
17.9 Voluntary Inclusionary Zoning For For-Sale Properties In the Central Business Districts
Residential properties with an affordable for-sale component may avail themselves to the provisions provided herein.
In order to incentivize the construction of for-sale housing with the inclusion of affordable dwelling units in the Central Business Districts, density bonus reductions shall be granted in exchange for the voluntary provision of affordable for-sale dwelling units. Developments containing fewer than ten (10) for-sale dwelling units that set aside at least one (1) unit OR developments containing ten (10) or more for-sale dwelling units that set-aside at least ten percent (10%) of units up to 120% Area Medium Income (AMI) or less shall be awarded a thirty percent (30%) increase in the floor area ratio (FAR).
Developments opting to participate in the for-sale voluntary IZ program shall be developed in accordance with Article 28.
Ord. 29566, 8-1-23, Zoning Docket 014-23