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TOWN OF NATICK Housing Production Plan

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5. Examine energy efficiency/green building programs<br />

Zoning and <strong>Plan</strong>ning Strategies<br />

1. Consider IHOP Zoning Bylaw and create a new Inclusionary Zoning by-law<br />

2. Work on Adoption of Inclusion zoning by-law.<br />

3. Amend the zoning by-law to encourage upper floor apartment development in the<br />

downtown area by amending parking requirements.<br />

4. Create an accessory unit program<br />

5. Institute a fee waiver or reduction program for affordable units<br />

6. Examine project review functions/funding allocations<br />

7. Amend local preference policy.<br />

Preservation Strategies<br />

1. Work with the NHA to preserve housing and bring units back on line<br />

2. Buy down existing affordable units with new deed riders<br />

3. Pursue CDBG/HOME funding to establish a housing rehabilitation program<br />

<strong>Housing</strong> <strong>Production</strong> Strategies<br />

1. Identify and make available Town-owned land for affordable housing development<br />

2. Identify vacant, abandoned or underutilized land for affordable or mixed-income<br />

housing development<br />

3. Re-establish a down payment assistance program for first-time homebuyers<br />

4. Explore a “buy down” program for first-time homebuyers<br />

5. Explore partnering with private developers<br />

6. Leverage existing funding resources<br />

7. Consider revisiting the idea of adopting of the Community Preservation Act<br />

16 | P a g e L D S C o n s u l t i n g G r o u p , L L C

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