Affordable Housing (also known as Inclusionary Housing)
Davidson encourages the production of affordable housing by requiring 12.5% of homes in all new developments to be affordable. With inclusionary housing, construction of low-and-moderate income housing is linked to construction of housing in the marketplace by mandating developers to provide the affordable units in an otherwise market-driven development. In doing so, inclusionary housing not only generates units affordable to low-and-moderate income families, but also provides opportunities for racial and economic integration. With inclusionary housing, affordable units are built concurrently with market-rate housing.
Goals of the Affordable Housing Program
The goals of the program are to create mixed income neighborhoods; produce affordable housing for a diverse labor force; seek equitable growth of new residents; and increase home ownership opportunities for low-and-moderate income levels.
Who Lives in Affordable Housing in Davidson?
A number of elderly residents are unable to afford the skyrocketing price of homes in Davidson. In addition, persons who work in Davidson with jobs that pay low-to-moderate wages.. Examples include:
Retail sales clerks
Entry level professionals in other fields
Davidson’s own young adults, recent high school and college graduates, desiring to start careers here also need affordable housing.
How You Can Apply for a Home
To learn about the application process, email Cindy Reid, Affordable Housing Coordinator, or call 704 940-9605.