Quote:
Originally Posted by Biggd
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.
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There was no zoning anywhere in Lynnfield for multi family housing. The developers that wanted large complexes had to set aside a certain number of units to be low income and that allowed the entire complex to be built. The remainder, after the low income units, could be market rate. The town didn't want them but knew with 40B they could be forced to take a certain number if it went to court.