Yes, the HCA is NOT about affordability for many. Lincoln has tried to create more diversity. We have Section 8 housing, which is for truly low income, but that is not part of the HCA model. The HCA is not about true diversity of housing stock, which is what Lincoln has work diligently to achieve. The HCA is about quantity and profitability… never a Lincoln objective.
Lincoln has Inclusionary Zoning that requires 15% certified affordable units in any multi- unit development. The HCA supersedes our zoning and reduces the requirement to 10%… we have been told we cannot require 15% affordable units as it would not be profitable for developers. Odd as we have had several projects developed with our 15% requirement, and they seem to have quite profitable. Most notable is the most recent multi family/ unit development-Oriole Landing, developed and sold ( for $30+ million)by CIVICO. CIVICO seems to see Lincoln as a lucrative place to do business as it is now partnering with the RLF for redevelopment of the Mall. Except now, the development would be denser and only 10% required to be affordable if the property is rezoned for HCA “compliance.” Sent from my iPhone > On Oct 19, 2023, at 7:46 AM, Jennifer Goodman <[email protected]> wrote: > > A clarification. Affordable housing excludes low income renters. > “Affordable” housing denotes middle income, 80% of average, which is well > above “low income.” For affordable housing, there is a window with a lower > limit to qualify, as well as an upper limit. The range for one person is > approximately between 60k and 80k annually. It is NOT the same as “low > income” housing. For example, someone making 40k per year wouldn’t qualify > for “affordable” because they would be earning too little. So Lincoln might > think about creating some low income housing also. > >> On Oct 18, 2023, at 10:41 PM, Edward Young via Lincoln >> <[email protected]> wrote: >> >> Sara Mattes wrote, in pertinent part: >> >> "But what is of special note is that the article calls it a crisis for >> those seeking SINGLE FAMILY HOMES. >> Those are the first examples they offer. >> >> "And, then the pivot is to apartment developments and condos, with no >> equivalent documentation of demand?just the assertion. >> It is easy to document the demand for affordable units as there are waging >> lists. >> On the other hand, we are not documenting demand for market rate, especially >> high end units. >> It seems there is no discussion as to how to meet the noted demand for >> single family homes." >> >> Exactly...and furthermore: >> >> The article sloshed around quite a bit as to what kinds of people are >> looking for what kinds of housing they desire at a price that is more >> affordable for them than currently prevailing prices. >> This obviously includes low-income households that would qualify for >> "affordable housing" as we use the defined term “affordable housing." >> Also, according to the article, average-income households in the Metro >> Boston area (with an average household income of $104,000), many of them >> looking for single-family houses at less than an average price of >> approximately $925,000 nowadays in Milton) but others looking for apartments >> or condominiums at prices they believe they can afford. >> >> And then the article failed to show how proposed developments like the one >> for Lincoln would actually help any of those folks, since: >> >> 90% of the units in Lincoln would not be affordable units for low-income >> households, as defined. >> There would be no single-family houses. >> And how would a statistically average household with income of $104,000 be >> able to afford any of the market-rate units? >> >> Edward Young >> Bedford Road >> >> >> >> >> -- >> The LincolnTalk mailing list. >> To post, send mail to [email protected]. >> 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 [email protected]. > 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 [email protected]. Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/. Change your subscription settings at https://pairlist9.pair.net/mailman/listinfo/lincoln.
