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Under Chapter 40B, in any municipality where none of the three statutory minima identified by the State are met for the amount of affordable housing that exists in the community, a developer can build more densely than the municipal zoning bylaws would permit, allowing more units per acre of land when building a new development, if at least 25% (or 20% in certain cases [4]) of the new units ...
Westminster based Normandin Group LLC has submitted a proposal for a 40B affordable housing project. ... According to the Normandin Group 40B project proposal, the 12 affordable units will be ...
Among three projects in West Dennis with affordable housing units, The Columns project at 401 Main St. is a long-awaited transformation of a historic Greek Revival house into 16 ownership units in ...
Apr. 8—MANCHESTER — The "friendly 40B" affordable housing project helmed by Strategic Land Ventures is no longer "friendly." At a meeting Tuesday evening with selectmen, Strategic Land Venture ...
New York City has a shortage of affordable housing resulting in overcrowding and homelessness. New York City attracts thousands of new residents each year and housing prices continue to climb. Finding affordable housing affects a large portion of the city's population including low-income, moderate-income, and even median income families. [62]
Jun. 24—MANCHESTER — Members of the Zoning Board of Appeals were pleased with the progress Strategic Land Ventures presented at the latest public hearing for the developer's proposed 40B ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
The town of Marshfield is likely to write a letter to the state DEP following a town meeting vote on a proposed 40B development.