The article, which was approved at Town Meeting, states that the zoning bylaw creating a Village Housing Overlay District will add "provisions which will define and regulate a new residential classification of housing especially designed to meet the needs and serve the interests of persons who have reached the age of 55 or more." According to Suzanne Fagan, of the town's planning board, the overlay district designation "is available to pertain to a parcel of land for village housing for 55 and over."
In order for a parcel to qualify for the zoning designation, it must be at least ten acres and 30% of the parcel has to be set aside as open space. At least 15% of the units have to be used for affordable housing.
For towns, the appeal of a 55-plus residential complex is that it presents no burden on the local school system but adds tax revenues. Senior housing is also relatively safe for developers as aging baby boomers look to scale down their living arrangements.
The town clerk tells GlobeSt.com that the by law needs to be approved by the state Attorney General's office. "It cannot be effective until that approval, which can take several months," she says.
Immediately after this article was approved, G & N Realty Trust sought to have its two parcels included in a Village Housing Overlay District. Fagan says that the article was approved, which, she notes, "gives them the privilege of putting that housing on the parcels." But, she points out that the project still needs to get planning board approval.
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