Quote:
Originally Posted by WinnisquamZ
All true about 40B, but it doesn’t assist a developer with the land purchase in which to build. That is why you never see a 40b project in the true wealthy towns
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Low income housing in a wealthy town is equal to regular priced housing in many other towns. Low income in a town like Weston could be 80K where Waltham, which is right next door could be 60K.
There is no profit in building low income housing in wealthy towns, that's why it rarely happens unless it's on city or town owned property.