Affordable Housing
Watertown Given Protection from 40B Projects by Using Little Used Method
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The Town of Watertown has some protection from having dense residential projects allowed under the Chapter 40B law after being certified by the state that the Town meets a rarely used qualification. Under Chapter 40B, communities in Massachusetts have to meet certain level of affordable housing or else they must allow the construction of housing projects with 25 percent affordable housing. Watertown currently requires 15 percent of units to be affordable new apartment complexes. To qualify to avoid a Chapter 40B project, communities can get “Safe Harbor” by having 10 percent or more of its housing units sold or rented at affordable rates. Some communities have met that criteria, but Watertown does not (it has just over 7 percent).