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Committee discusses 40R proposal, bonding and ADUs as tools to grow affordable housing
Summary
Members discussed inviting Mark Davis to present a 40R redevelopment option for the commuter lot, asking the treasurer about bonding options, exploring ADUs and reconsidering a cap on senior housing units as strategies to increase housing supply.
The Affordable Housing Committee discussed several potential strategies to increase housing supply, including a 40R-style redevelopment concept for the commuter lot, town bonding to finance subsidies, accessory dwelling units (ADUs) and lifting a cap on senior housing units.
Al, a committee member, said he would invite Mark Davis to the next meeting to explain a "40R" idea that could allow the commuter lot to be moved into a parking garage and the existing lot to be redeveloped under…
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