Search
 

Town Aims to Develop its own Affordable Housing

LINCOLN, MA-An affordable-housing development on land near the Minute Man National Historic Park, which is owned by the state highway department, would increase the town's affordable-housing stock and make it less vulnerable to developers with comprehensive permits.

By Naomi Grossman | Updated on December 24, 2001

LINCOLN, MA-This town is eyeing a number of parcels of land here near the Minute Man National Historic Park as a possible site to develop affordable housing. The town’s percentage of affordable housing has recently slipped below 10%, which makes the area vulnerable to developers with comprehensive permits.

The land is owned by the state highway department and according to Debra Parkhurst of the town’s planning department, “surplus state land used to be cheap.” It is still unclear what the state would charge for the parcels. Parkhurst tells GlobeSt.com that the town would like to develop affordable housing reasons on the site for idealistic reasons. At one time, she says, “we were above the 10% mark.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.