Town Council Increases Requirement for Affordable Housing in New Projects

Developers will be required to provide more affordable housing in most residential projects built in Watertown after the Town Council’s vote on Tuesday night. The Council approved changes to the Town’s Inclusionary Zoning Requirements, but there were questions about who would qualify to live in the affordable units. Previously the requirement was 12.5 percent of the units for most areas of town, but that amount was increased for projects of 20 units or more. The requirement for projects with 6-19 unit projects will remain at 12.5 percent. Also, the income requirements change for the projects that would have to provide 15 percent affordable units. For projects of 20 or more units, 10 percent of units in a rental project (or 2/3 of the affordable units) will be for people who meet the 80 percent of the Area Median Income (AMI) standard, and 5 percent of the units are for those meeting the 65 percent of the AMI threshold, which would be $63,800 for a family of four, according to the Boston Redevelopment Authority.

Forum Draws Attention to Need for More Affordable Housing in Area

With housing in the Boston area one of the most expensive in the nation, the need for more affordable housing has become critical, said presenters at the Tri Community Coalition to End Homelessness event last week. Chrystal Kornegay, Undersecretary for the State Department of Housing and Community Development was the keynote speaker at the event organized by groups from Watertown, Belmont and Waltham, and was held at St. Joseph’s Church in Belmont. Kornegay said the Boston area has the fourth most expensive housing prices in the United States and the ninth highest rents. A person or family spending more than 30 percent of their income on housing is considered housing “burdened.”

Town Council Move Aimed at Increasing Affordable Housing in Watertown

The Town Council voted to approve steps to increase the number of affordable housing units when new developments are built in Watertown. Tuesday night, the council voted 8-1 to increase the requirement of affordable units in complexes from 10 percent to 12.5 percent. The move was made to help Watertown meet the state requirement of having 10 percent of the total housing units in town available at an affordable rate. If a community does not meet the 10 percent requirement under Chapter 40B (sometimes called the anti-snob law), developers could come into town to build projects with 25 percent of the units sold or rented as affordable, and they would not have to comply with the town’s zoning regulations, said Councilor Vincent Piccirilli. To qualify for affordable housing, applicants must make below 80 percent of the Area Median Income.

Affordable Housing Available in New Apartment Complex

A lottery will be held for apartments in the new Watertown Mews complex. Families making below 80 percent of the Area Median Income are eligible to join the lottery for 32 of the 206 units at the complex off Pleasant Street at 1 Repton Place (across from Russo’s). Units include a gourmet kitchen, a full-size washer and dryer and a walk in closet. The complex features include a fitness room, a yoga studio, a multi-media game room, a pet spa  and a pool. (See photos and more by clicking here.)

The income limits are: one person – $47,450, two people – $54,200, three people – $61,000, four people – $67,750, five people – $73,200, six people – $78,600.