40B Consultants MA
Development B Assume Development B takes 9 months after the lottery to lease up their 60 affordable units. Here are some questions: After the lottery, they still have lots of vacancies. How soon after the lottery must they affirmatively marketing the availability? What would be considered sufficiently populated for a large 60 unit, highly desirable building that has less than 10% of unit turnover a year? The property has a large marketing budget. The required marketing while their waiting list is open is every quarter. As such. they might be more inclined to simply continually market rather than close their waiting list and deal with the nuances of reopening it. To avoid this, the guidelines state that the Waiting List must be closed once there are a certain amount of applicants on it. What should this maximum amount be? And from the date of the original lottery to the date that the max threshold is hit, can they just add applicants first-come first served? Once they have so many house