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In order to qualify, Darien must prove that at least 2 percent of its housing stock meets the standard of "affordable," as calculated through a complex point system.
When H.P. hired Ms. Whitman, 55, as its chief executive, it offered her a $1 salary and stock options valued at $16.1 million that she cannot exercise unless H.P.'s stock meets certain targets by October 2013.
The law gives developers of affordable housing a density bonus, regardless of local planning and zoning restrictions, in towns in which less than 10percentt of the housing stock meets the state definition of affordable.
In a town where about half of all single-family home sales top the $1 million mark, and less than 2percentt of the overall housing stock meets the state's definition of affordable, the inclusionary zoning action deserves "five gold stars, because this housing is sorely needed," said David Fink, the policy director of the HOMEConnecticut campaign for affordable housing.
He added: "Already nearly three quarters of the council's housing stock meets the quality standard.
Solid walls will ultimately have to be made warmer if the UK housing stock meets expectations for reducing carbon emissions.
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Investors representing about 15percentt of the company's stock met with Aleksandr Voloshin, the Kremlin chief of staff.
LONDON — Shares of the struggling Italian bank UniCredit continued to slide on Monday after an offering of new stock met with little interest from investors.
A Merrill Lynch analyst, Lauren Rich Fine, cut her rating on Dow Jones to neutral from buy after the stock met her goal of $50.
Investors representing about 15percentt of the company's stock met with Aleksandr Voloshin, above, the Kremlin chief of staff who is also chairman of Unified Energy's board.
The public company lent him $3 million to cover costs he had incurred while exploring whether to open a casino in Indiana, then forgave the loan when the stock met price targets.
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