View Single Post
Old 04-06-2023, 10:01 AM   #26
Biggd
Senior Member
 
Join Date: Nov 2016
Location: Waltham Ma./Meredith NH
Posts: 3,752
Thanks: 1,966
Thanked 1,071 Times in 676 Posts
Default

Quote:
Originally Posted by TiltonBB View Post
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.
If the apartment complex is big enough and the can make enough money on the 85 to 90% of the market rate rents then they will build it.
You make it sound like they are building "low income housing projects" in wealthy towns, which isn't happening in wealthy towns in Ma.
The average income in Ma is around 100K. Ma and NH are in the top 5 states for average income.

Last edited by Biggd; 04-06-2023 at 11:34 AM.
Biggd is offline   Reply With Quote