Inclusionary Housing Policy

Building Affordable Housing through an Inclusionary  Housing Policy

Four Goals to Strengthen Richfield's Apartment Communities
Apartments and apartment residents are a valued part of the Richfield community. In 2017, the Richfield City Council adopted four goals to strengthen Richfield's apartment communities. Those goals are:

  1. Preserve and improve the quality of existing affordable housing, while discouraging displacement of our residents.
  2. Diversify the housing stock through targeted redevelopment to provide a variety of rental housing opportunities at a range of income levels.
  3. Strengthen protections for renters in order to promote housing stability.
  4. Provide support to renters and apartment owners and managers to facilitate successful apartment communities. 

Inclusionary Housing Policy
Several tools and strategies were identified to help achieve these goals. In 2018, City leaders adopted one of the tools, an Inclusionary Housing Policy (IHP), to help meet the goal of increasing housing choices in the community. The IHP requires that all new housing development include more modest rents or make a financial contribution to the City’s Housing & Redevelopment Fund (HRF). City leaders updated the  Inclusionary Housing Policy in 2021 to encourage apartments with more bedrooms, incentivize more deeply affordable units and added requirements for accessible housing.