New City Rule Could Make Somerville Housing More Affordable – Real estate news – Boston.com

New City Rule Could Make Somerville Housing More Affordable – Real estate news – Boston.com.

Definitely worth throwing on the table. We have programs that take care of those earning below 80% of median income, but very little for those earning just a hair above that 80% target. Somerville is taking a lead in promoting housing for that forgotten group of working class people who do not qualify for “affordable” housing.  We have it in the Municipally Sponsored Project part of our by-law, which has not been largely used. Perhaps we need to reconsider some aspects of our Affordable Housing By-law. Drop down to 20% for those under 80% of median and make a requirement of 5% to 10% for moderate income households. Perhaps 5% for those earning between 80% and 95% of median and 5% for those earning between 100% and 110% of median income.

 

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