Who BenefitsCommunity Benefits:Increasingly, community coalitions are demanding community benefits from large developments using exactions that mandate production of affordable housing, local hiring, and living wage jobs.Exactions benefit communities in that they provide income without raising local property or other taxes. Exactions benefit existing residents of a community who are not required to subsidize the servicing of new development. The exactions can create benefit for low-income residents, when a developer pays into an affordable housing fund, builds affordable housing, or agrees to living wage and local hiring agreements.  |