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Planning Board grants time extension for affordable housing project at 46–50 Winter St.
Summary
The Planning Board approved a request to extend the two‑year life of approval for the 46–50 Winter Street project (NeighborWorks/affordable housing) to allow the nonprofit additional time to assemble layered financing and complete required steps.
The Planning Board voted May 21 to extend the two‑year life of its prior approval for the 46–50 Winter Street project to allow NeighborWorks (the project sponsor) additional time to secure layered financing and complete permitting steps.
Deputy Planning Director Rob Stevens told the board that the nonprofit partner needs more time to assemble state and federal subsidies and that the department supports an extension. Planning Board rules allow life‑of‑approval extensions in six‑month increments; board members approved the requested extension unanimously. No additional project details or funding amounts were reported at the hearing.
