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Concord Housing Foundation proposes 500-unit five‑year goal; CHDC urges stronger ownership targets
Summary
Matt Johnson of the Concord Housing Foundation presented a draft strategy targeting 500 new attainable units in five years and 500 more across affordability tiers in ten years; CHDC members recommended more ambitious ownership goals at 80% AMI, citing school enrollment and community stability.
Matt Johnson, representing the Concord Housing Foundation, presented a draft housing strategy that sets a goal "to create 500 new attainable and affordable housing units over five years and an additional 500 units across all affordability tiers over ten years." The strategy would broaden focus beyond low-income housing to include very low-income, missing-middle and attainable housing options, and sets specific targets for each affordability tier.
Board members provided brief feedback urging stronger targets for ownership, specifically suggesting more ambitious ownership goals at 80% of area median income (AMI). The minutes note members said ownership contributes to school enrollment stability and broader community outcomes, while acknowledging ownership development is generally more expensive and less supported by state funding than rental production.
