October
13
2022
SALEM --- Under the city's new ordinance allowing accessory dwelling units, homeowners can apply for a grant up to $47,500 for the design and construction of the ADU. Salem hopes to increase the affordable housing inventories through homeowners renting out a portion of their homes at discounted rates
October
13
2022
WINCHESTER -- A developer is proposing to build 60 mixed-income apartments on a town-owned site at the corner of Washington and Swanton. Rent would range from $1,242 for a one-bedroom, to $2,618 for a three-bedroom. The proposed project by Melanson Development will go before town meeting in November. The town purchased the vacant commercial site last year after several private proposals to develop the site failed to come to fruition.
October
10
2022
WORCESTER --- Bolstered by $15 million in federal funds from the American Rescue Plan Act (ARPA), the city's new affordable housing trust is funding a program in which developers can apply for up to $150,000 per unit if it is used to create new affordable housing units in new or existing housing.
October
10
2022
WATERTOWN --- In an effort to preserve and create more affordable housing, Watertown has established an affordable housing trust fund. The trust is starting off with $750,000 in federal funds and other sources. According to a recent report,more than one-third of Watertown renters are cost-burdened, meaning they spend more than 30 percent of their gross income on housing. Another 28 percent of homeowners were also cost-burdened.
October
7
2022
HINGHAM -- A duplex off Route 3A will soon be added to the town's affordable housing inventory. Hingham Affordable Housing Trust bought the property in 2019 for $524,000 and will sell it to families as two units for $220,000 each with a $200 monthly condominium fee. Units are 965 and 985 square feet.
October
5
2022
BOSTON -- Boston Mayor Michelle Wu plans to streamline the timeline on affordable housing projects by signing an executive order with an objective to retool the zoning code to slice the time to approve such projects in half. Wu announced the order during remarks at the Greater Boston Chamber of Commerce’s annual “Government Affairs Forum.”