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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Never? Lynnfield, an upper class town of about 13,000 residents 14 miles north of Boston, has two apartment complexes of over 200 units that were never allowed and wouldn't have been allowed under Lynnfield zoning until Chapter 40B became law. There are also a couple of other much smaller projects that were forced on the town.
The town had no choice but to approve these projects that did not comply with the then current zoning requirements. They have now fulfilled the 40B requirements until 2030.
If a developer cannot even afford the land for a development it is doubtful they can build anywhere without outside investors whether 40B applies or not.