Inclusionary Zoning

A practice by which state or local governments impose zoning restrictions that require a specified percentage of new development in a designated area to be set aside to provide housing for low- and moderate-income persons. income and resale price restrictions Legally enforceable limits on maximum income for buyers and transferees of, and maximum permissible sales price for, a shared equity residential property; these are intended to keep the property affordable for subsequent purchasers. income approach to value A method of measuring the value of a property based on the market rent or income that the property can be expected to earn.