The new law has nothing to do with affordability. The State Agency administering it has taken the position that local affordability laws such as Lincoln's are deterrents to development. To be compliant, a plan cannot require that more than 10% of the units in a development be affordable.
Affordable in this case means a 2 bedroom apartment that is affordable to a household making about $107K per year. Don Seltzer On Wed, Oct 11, 2023 at 10:40 AM Colleen Katsuki <coll...@shadowtracks.org> wrote: > > Do I understand correctly that the new sate law requires new buildings > under this new law to have only 10% or less affordable housing? Why is > that? Why can we not have 25% as in Oriole landing? The cynic in me > suggests that this is a sop to the developers, not any real intent to > have more affordable housing. > > > > Colleen Katsuki > > Concord Road > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
-- The LincolnTalk mailing list. To post, send mail to Lincoln@lincolntalk.org. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
