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...

Who ends up getting served? The recently released 2011 Household Income Levels for Massachusetts, and the Boston area in particular, have raised significant questions about who is supposed to be helped versus who will actually be helped, based on the HUD figures and the State’s subsidizing agencies’ interpretation of these income categories. Those of us dealing with households at the ground level, ie., assisting in the application process, recognize the dilemma, as follows:  • The Area Median Income for the Boston MSA increased from 2010 to 2011 • The 50% AMI numbers as published by HUD also increased from 2010 to 2011 (because the overall AMI increased) • For properties where rents are calculated from the 50% AMI numbers, this means that rents also increased Now, no MSA can have a higher 80% AMI income limit than the United States 100% AMI number unless the area is designated a “High Housing Cost Area”. But, isn’t it perplexing that by HUD’s strange methodology, Boston is no...

  Application Process Applications for program resources will be reviewed and funds made available to projects on a rolling basis until such time as the CommonWealth Builder funds are committed. Applications must include all sections of the CWB Application (available upon request), which includes the following sections of the OneStop application: ·          Project Description ·          Development Team Summary ·          Sources and Use of Funds ·          Signature Page In addition, applications must also include the following: Site Information Mass Historic Commission Project Notification Form, listing MassHousing CommonWealth Builder funds Environmental Information (including an ESA Phase 1) Evidence of Zoning Approval Evidence of Site Control For condominium projects, a Homeownership Association (HOA) ...

Affordable Housing Lotteries This is a very brief overview of a generic affordable housing lottery process as the lottery process changes per property, town, and program (BPDA, 40B, etc.), Please note that a more detailed step-by-step of this timeline is found in the info packet for each property, so please be sure to cross-reference those with any questions you might have. Housing Lottery Overview (Pre-Lottery, Lottery, Post-Lottery) Pre-Lottery Step 1: A new development is permitted/approved in an agreement between a City/Town and a developer with oversight provided by a Program Administrator (like DHCD or MassHousing or MHP). The Executive Team of SEB Housing (Brian & Dave and Co) works with the developer (our client) to ensure that all the various conditions of the affordable housing program are incorporated into the marketing and Lottery Materials that they draft for City/Town and Program Administrator approval). The Lottery Materials will include the Marketing Plan, ...

SEB Housing is a  group of  Affordable Housing Consultants in MA , that works with developers and management teams. SEB Housing coordinates with development teams, monitoring agents, and Program Administrators to create a marketing and lottery program that complies with applicable state, federal and local regulations, permits, and conditions. To know more, contact us at 617-782-2300.

SEB Housing is an Affordable Housing Consulting group that works with developers and management teams. Throughout the buyer and tenant selection process, SEB Housing also works closely with prospective homebuyers and tenants to answer questions and manage the application intake and review process. To know more, contact us at 617-782-2300.

SEB Housing is an Affordable Housing  consulting group in MA, that works with developers and management teams. We are an Affordable Housing Consulting group that works with developers and management teams. We have been involved in marketing and executing lotteries and lease-ups and sales of more affordable units than any other lottery agent in the state. To know more, contact us at 617-782-2300.

SEB Housing is an Affordable Housing Consulting group in MA, that works with developers and management teams. We are an Affordable Housing Consulting group that works with developers and management teams. We have been involved in marketing and executing lotteries and lease-ups and sales of more affordable units than any other lottery agent in the state. To know more, contact us at 617-782-2300.

S EB Housing is an Affordable Housing Consulting group that works with developers and management teams. SEB Housing coordinates with development teams, monitoring agents, and Program Administrators to create a marketing and lottery program that complies with applicable state, federal and local regulations, permits and conditions. To know more, contact us at 617-782-2300.