A group of Cambridge city councilors wants to build on the success of the city’s affordable housing zoning overlay by giving affordable developments big density bonuses in Cambridge’s busiest squares and corridors.
In the latest installment of our CRE Insider webinars, Madison Park Development Corp. CEO Leslie Reid and A Better Cambridge Co-Chair Becca Schofield analyzed the newest developments in the affordable housing space on Feb. March, 2022.
Cambridge’s new Affordable Housing Overlay has had a tremendous and immediate effect on parcels already in nonprofit hands, adding over 400 new units of affordable housing to the pipeline in a year and a half.
Developers seeking predictable approvals and diminished threat of drawn-out legal challenges are eager to tap into Cambridge’s new zoning designed to encourage 100 percent affordable projects.
A citywide overlay district will make it easier for developers to build multifamily housing in Cambridge following a 7-2 vote by city councilors.
The nation’s best-known democratic socialist is going way beyond just hollering about greedy luxury condo builders to interject himself into all sorts of housing disputes in cities across the country, typically on the side of the local NIMBY group.
Municipal elections across Greater Boston yesterday served as de facto forums on development, among other issues, and voters rewarded both pro- and anti-development candidates.
Housing activists are looking to pro-development candidates in Cambridge’s November election following the city council’s decision not to act upon a proposed citywide affordable housing overlay district.
