Red Brook project targets 60% AMI for affordable housing solutions

November 14, 2024 | Town of Plymouth, Plymouth County, Massachusetts


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Red Brook project targets 60% AMI for affordable housing solutions
The Plymouth Community Preservation Committee meeting on November 14, 2024, highlighted pressing concerns regarding affordable housing in the area, with members emphasizing the need for projects that cater to lower-income residents. A significant point of discussion centered on the Red Brook project, which aims to provide housing at 60% Area Median Income (AMI), a threshold deemed more accessible than the current 80% AMI standard.

Committee members expressed frustration over the challenges developers face in meeting these affordability targets. One member noted, “It’s a vicious circle,” pointing out that while the need for affordable housing is clear, developers often struggle to make projects financially viable under the existing guidelines. The conversation underscored a shared sentiment that the current state funding mechanisms favor larger developments, leaving smaller, shovel-ready projects without necessary support.

The committee also discussed the lack of funding from the American Rescue Plan, with one member stating, “If you really are interested in affordable housing, show me the money.” This stark call to action reflects the committee's urgency in addressing the housing crisis, as they continue to seek innovative solutions and community input.

Looking ahead, the committee plans to further explore housing strategies in their upcoming master plan discussions, inviting community members to contribute ideas. The meeting concluded with a collective acknowledgment of the challenges ahead, but also a commitment to finding pathways to improve affordable housing options in Plymouth.

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