Thank you Sara! So well said! I agreed with you we need to come together as a community to redevelop the mall on our own terms and continue to increase our stocks of truly affordable housing!SusannaOn Nov 10, 2023, at 10:12 AM, John Mendelson wrote:Are you speaking on behalf of the Lincoln Resid
a $1M payment for 6 units. Adjusted for inflation (the Greater Boston
>>>> CPI index is up 20% since then), the cost per apartment today would be
>>>> $200,000.
>>>>
>>>> If we consider the Mall, which will be zoned for 100 apartments,
>>&
onsider the Mall, which will be zoned for 100 apartments,
>>> increasing affordability from 10% to 25% would cost us $3M if we need to
>>> make the developer whole. The Affordable Housing Trust doesn’t have that
>>> kind of resources.
>>>
>>> Why should
ake the developer whole. The Affordable Housing Trust doesn’t have that
>> kind of resources.
>>
>> Why should the town resources be dissipated when we can achieve our
>> affordability goals, among many others, if we do not rezone these areas by
>> right and instead co
or approval? Why should we rezone by right and loosen our restrictions when
>> we can achieve all of our goals through Town Meeting?
>>
>> Karla
>>
>>> From: Margaret Olson >> <mailto:s...@margaretolson.com>>
>>> Date: Fri, Nov 10, 2023 at 08
all of our goals through Town Meeting?
>
> Karla
>
> From: Margaret Olson
>> Date: Fri, Nov 10, 2023 at 08:28
>> Subject: Re: [LincolnTalk] Recommended reading for those grappling with
>> the HCA
>> To: John Mendelson
>> CC: Lincoln Talk
>>
&
; for approval? Why should we rezone by right and loosen our restrictions
> when we can achieve all of our goals through Town Meeting?
>
> Karla
>
> From: Margaret Olson
>> Date: Fri, Nov 10, 2023 at 08:28
>> Subject: Re: [LincolnTalk] Recommended reading for those grappli
ct: Re: [LincolnTalk] Recommended reading for those grappling with
> the HCA
> To: John Mendelson
> CC: Lincoln Talk
>
>
> The zoning contains a minimum level of affordability. As John points out
> the town can, as it has in the past, negotiate higher levels of
> affordability. Oriol
Absolutely agree that sharing plans would be a positive.
I was very alarmed by the Chair of the RLF saying in Wednesday evening’s
meeting that commercial space will be *reduced* in the new development to
help “derisk” the property, as residential units are less risky than
commercial.
I thought one
The zoning contains a minimum level of affordability. As John points out
the town can, as it has in the past, negotiate higher levels of
affordability. Oriole Landing at 25% is well above their zoning requirement
of 15%.
The reason we can not mandate 15% affordable is because the study the town
co
This is not true. The HCA does not '"tie our hands."
Just like many public/private partnerships across the country and
specifically here in Lincoln with Lincoln Woods, Oriole Landing, and
perhaps other developments I am not aware of, the town can work with a
potential developer to increase the p
The only reason I am“grappling” with the HCA is that is will tie our hands as
to adding affordability -it, by its nature is exclusive.
It restricts the amount of affordability we are allowed to require.
And, if we tie up all the land around the station area, especially. The mall,
with this zoning
http://www.growingwealthier.info
How greater density *and* walkability benefits the environment and property
values.
John
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