Affordable Housing in MA | SEB Housing

 

Affordable housing MA

There is no obligation to negotiate with a ZBA, yet clearly, the developer wants the ZBA’s approval and a permit that is not burdened with excessive conditions. If the ZBA’s only objective is to reduce density, the negotiations may not go very far. From the developer’s perspective, density is critical for the feasibility of the project. A more productive approach would be to focus on qualitative ways to improve a project. For more details on Affordable Housing in MA, please contact us at 617-782-2300.


Comments

Post a Comment

Popular posts from this blog

What Assets are considered under the 40B Housing System?

Image
Massachusetts is an expensive residential market, so Chapter 40B was added to the Affordable Housing Law system much time before. The goal was to make 10% of the community's houses affordable for the Massachusetts residents. The process consists of devoting almost 20% to 25% of the units to low to moderate-income families. These affordable units include townhouses, single-family homes, condominiums, and duplexes. These units can be sold as new units or can be resold by the homeowners who are planning to move to other houses or cities. But, before taking any home under Chapter 40B, you must take advice from the 40B Compliance consultant . The consultant will guide you about the required guidelines and assets that are required under 40B. Assets Considered under Chapter 40B Under Massachusetts Comprehensive Permit Law or Chapter 40B, the shortage of housing societies was addressed in the city. This Anti-Snob Zoning Act reduces the unnecessary barriers through an approval process...
Read more

Affordable Housing Lotteries Services | SEB Housing

Image
SEB Housing has been a leader in the affordable housing field in Massachusetts for over 40 years. We have been involved in marketing and executing affordable housing lotteries and lease-ups and sales of more affordable units than any other lottery agent in the state. We are an Affordable Housing Consulting group that works with developers and management teams and applicants in the tasks associated with the housing. To know more, contact us at 617-782-2300.
Read more

Inclusionary Housing Bylaws | SEB Housing

  While 80% of Massachusetts cities and towns voted last November to save 40B, it is clear from my experience that most suburban communities don’t like it and would rather have developers use their own inclusionary bylaws to create affordable housing. Having researched many of these bylaws, I have to conclude that the economic realities of developing mixed income housing has been ignored in drafting these bylaws. In order to stimulate or induce affordable housing development in lieu of any “as-of-right” development options, there needs to be an economic or financial incentive, yet most inclusionary bylaws totally fail in this regard. The Governor’s “ Smart Growth Tool Kit ” has developed a model inclusionary bylaw which allows 2 additional market rate units to be built for every affordable unit required. This makes sense to me as the economic loss of creating an additional affordable unit can only be offset by adding 2 more market units (in some communities with lower land values a...
Read more