Plain-English Summary
This legislation creates a specific mandate for the town of Tiverton regarding housing development. It establishes that if the town's total housing stock contains less than ten percent affordable housing, any new development projects must include a minimum of fifty percent affordable units. This requirement applies to any developer with an approved plan or permit. The fifty percent mandate remains in effect until Tiverton achieves full compliance with the state's ten percent affordable housing threshold.
There is a town called Tiverton. The state wants towns to have enough homes that cost less money so more people can afford to live there. Right now, Tiverton might not have enough of these affordable homes. This new rule says that when builders want to build new neighborhoods or apartments in Tiverton, half of the new homes they build must be affordable ones. This rule stays in place until Tiverton has enough affordable homes for everyone who needs them.