If you want to build a bunch of units on your property:
1. A certain percentage has to be rented at an affordable rate (for 75 years).
2. If they aren't you pay a 'fee' into an affordability fund based on how much you build.
The fact they the owner claims they want to 'rent' to their kids is a red herring IMO. She wants to build 4 market rate units on her property, and not designate any of them as affordable.
If you want to build a bunch of units on your property:
1. A certain percentage has to be rented at an affordable rate (for 75 years).
2. If they aren't you pay a 'fee' into an affordability fund based on how much you build.
The fact they the owner claims they want to 'rent' to their kids is a red herring IMO. She wants to build 4 market rate units on her property, and not designate any of them as affordable.