The Concord Planning Board convened on November 12, 2024, to discuss potential changes to the town's zoning bylaws aimed at increasing the availability of workforce housing. A key proposal emerged from a representative of the Cochran Housing Foundation, advocating for a relaxation of current affordability criteria to stimulate development.

The discussion highlighted Concord's ongoing struggle to maintain a sufficient percentage of affordable housing units, particularly in light of recent census data indicating a shift in housing needs. Currently, the town's policy aims to keep over 10% of its housing stock within the state’s subsidized housing inventory. However, recent developments have pushed Concord above this threshold, revealing a pressing need for more diverse housing options, especially for those earning between 100% and 150% of the area median income (AMI).

The proposed changes would allow developers to qualify for density bonuses by offering a greater proportion of units priced at these higher income levels, rather than the current requirement that focuses primarily on units priced at 80% of AMI. This shift aims to encourage the construction of more affordable housing options without placing an undue financial burden on taxpayers.

Board members expressed concern about the effectiveness of existing incentives, noting that many current provisions have not resulted in the desired increase in affordable units. The conversation also touched on the potential for the town to invest additional funds to further incentivize developers to create more workforce housing.

In conclusion, the Planning Board is considering a strategic adjustment to its zoning bylaws that could reshape the landscape of affordable housing in Concord. By focusing on workforce housing and revising the criteria for density bonuses, the town hopes to address the growing demand for more accessible housing options, ensuring that residents can find homes that meet their needs without compromising on affordability. The board plans to continue discussions and refine the proposal in the coming months, aiming for a solution that balances development interests with community needs.