SEB Housing

  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.

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.

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...

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.