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Strategy 1: Targeted Policy and Zoning Code <br />Amendments to Reduce Barriers for Residential <br />Development <br />The City recognizes that while important steps have been taken recently to address housing <br />affordability10 there is substantial work to be done to better address Louisville's current and future <br />housing needs. The upcoming comprehensive plan update provides an opportunity to build on this <br />Housing Plan with more specific policy direction on topics like the future land use framework and major <br />changes to zoning regulations. However, the City wishes to accomplish key actions in the near -term (1-2 <br />years) during or soon after the comprehensive plan update. This strategy focuses on near -term steps <br />the City can take to reduce barriers and facilitate more residential development, including: <br />Establishing a framework for updating adopted future land use maps (e.g., comprehensive plan) and <br />zoning code changes to allow for a greater diversity of housing types; <br />Providing relief for new housing projects by creating flexibility within the current inclusionary zoning <br />policy and reducing City -imposed fees on income -restricted projects; and <br />Offering existing property owners more financial flexibility by delivering small-scale, incremental <br />density increases through the development of accessory dwelling units (ADUs). <br />Specific actions in this section include: <br />» 1.1 Establish Criteria and Identify Areas for Zoning Changes to Support Additional Residential <br />Development <br />1.2 Consider Offering a Height Bonus or Additional Density for Projects that Pay a Higher Fee in <br />Lieu than Required <br />1.3 Evaluate Development Fee Reductions and/or Exemptions for Income -Restricted Projects <br />>> 1.4 Evaluate Allowing ADUs Both Attached and Detached On Single -Family Lots <br />10 Such important steps include but are not limited to adoption of an Inclusionary Housing Ordinance in 2021 and the City's <br />2017 commitment to the goal that 12% of all residential units in Louisville be permanently affordable by 2035 as part of the <br />Boulder County Regional Housing Partnership. The Inclusionary Housing Ordinance requires that 12% of new residential <br />units on applicable development projects be set aside as permanently affordable (see Louisville Municipal Code Chapter <br />17.76 Inclusionary Housing). <br />Louisville Housing Plan Part 4: Housing Strategies and Actions 30 <br />