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Developer commits to 20% affordable units; commission briefed on state AMI and five-year plan deadline
Summary
Staff told the commission the town's affordable housing plan must be updated by January 2026; a developer said the Luminary Apartments under construction will include 20 percent affordable units (37 units) using state financing and asked the town to consider tax abatements.
Planning staff reminded the commission that the town's adopted affordable housing plan must be updated on a five-year cycle and that Simsbury's next update is due in January 2026. Staff explained the state's affordability definition (housing costs equal no more than 30 percent of a household's income for households at 80 percent of area median income, or AMI) and noted that the Hartford-region AMI used in discussion is substantially higher than many local residents' incomes, which affects what counts as…
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