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Planning board continues review of 439 Main Street condo conversion after questions over long-term affordable controls
Summary
The Saco Planning Board continued the public hearing for a proposal to convert 439 Main Street into seven condominium units with four designated as affordable, citing unresolved questions about whether units will be held as rentals or sold and how a 30-year affordability restriction would be enforced.
The Saco Planning Board on Tuesday continued the public hearing for a proposal to convert existing commercial space at 439 Main Street into seven residential condominium units with four affordable units, citing unresolved questions about ownership structure and enforceability of a 30-year affordability restriction.
The matter is significant because the board and staff want a clear enforcement mechanism recorded on title to ensure the affordable units remain so over time. City Planner Emily Cole Prescott recommended that the proposed use restriction be filed on the registry of deeds to alert future buyers and to support annual monitoring by planning staff.
Applicant representative Austin Fagan of BH2M said, “This is a 7 unit, residential condo conversion with 4 affordable units.” He told the board the current plan is for one entity to…
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