Affordable Housing
Council Seeks Payments from Developments to go to Affordable Housing
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Watertown officials will request special legislation to be approved that would allow the City to charge a fee to new commercial developments with the money going to a fund to create affordable housing. The City seeks what is known as a linkage fee, which is based on the impact of commercial development on the demand for affordable housing, acting Deputy City Manager Steve Magoon told the City Council on Tuesday. The special legislation will have to be approved by the State Legislature. “Non-residential projects are creating demand for affordable housing for people who work in Watertown,” Magoon said. “We have done a study to look at that impact and adjusted it by the nexus between that demand being created by projects and the cost that it represents to us as a municipality, and a fee that would be charged.”