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Zoning subcommittee approves Feno Street affordable housing overlay with 75% affordability requirement and local preference
Summary
The Revere Zoning Subcommittee amended and forwarded the Feno Street Affordable Housing Overlay District ordinance, requiring 75% of units be affordable and allowing local preference for up to 70% of those units with set-asides for seniors and veterans.
The Revere City Zoning Subcommittee on Oct. 6 voted to amend and forward the proposed Feno Street Affordable Housing Overlay District (FSHOD). The approved amendment requires at least 75% of all residential units in the overlay to be affordable and allows a local preference for Revere residents for up to 70% of those affordable units; of that local-preference pool, 20% are to be dedicated for seniors and 20% for veterans.
Why it matters: The overlay is intended to guide development on a targeted parcel and is presented by city staff as an opportunity to increase affordable housing supply and contribute toward the city's goals under Massachusetts General Laws Chapter 40B. The amendment is intended to balance affordability goals…
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