Around Town
OP-ED: MBTA Communities Law Part 3 – Our Current Watertown Square Housing Situation
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Watertown Square
By Linda ScottWatertown Resident
First, Let’s Nerd Out a Bit:
A study was commissioned by Watertown to set a dollar amount to charge non-residential projects in the City. This was to off-set some of the costs of these projects to Watertown, and the aim was to put this money towards affordable housing in the City. This money is called a “linkage fee.” Part of this 2022 study was to project housing needs for Watertown. Here’s what that report (called the “Watertown Commercial Development and Housing Nexus Study”) says:
“Since new employees will live in a variety of communities, it is necessary to determine the share that will demand housing in Watertown. To estimate the percent of new employees who will demand housing within the city, the results from a survey of employees in office, laboratory, hotel and retail buildings conducted in February and March 2022 were used.