40B Project
Watertown Asserts It Has Met Affordable Housing Goals, Can Prevent 40B Projects
|
Watertown officials believe they have found a seldom used way to meet the state’s affordable housing requirements, which would mean developers could not build high-density residential projects without having to go through the town’s normal zoning rules. The state law made to encourage the creation of affordable housing, often called Chapter 40B or just 40B, requires towns with less than 10 percent of its housing units that are officially designated as affordable units to allow projects with 20 percent or more affordable units to be approved in a streamlined process. Meeting the requirement is known as reaching “safe harbor.” Watertown has not reached the 10 percent threshold. There is, however, a second method to reach safe harbor, which is having 1.5 percent or more of a community’s land devoted to affordable housing.


