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CHDC: Assabet River Homes moves forward; Junction Village affordability not promised
Summary
The Concord Housing Development Corporation said Assabet River Homes construction is underway with the first homeclosing expected by late July or early fall and that Junction Village currently has no MOU tying it to MCI Concord; CHDC stressed Junction Village should not be treated as a guaranteed commitment to meet its affordability goals.
Julie McClure of the Concord Housing Development Corporation reported construction of detached single-family homeownership units at Assabet River Homes is underway, that coordination continues with Habitat for Humanity and the Town on an easement and a new water main connection, and that the first family has been selected and begun sweat-equity work with the first unit closing anticipated at the end of July or in early fall.
On Junction Village, McClure said there is currently no MOU linking the site to MCI and that the CHDC's position is Junction Village should not be assumed a given commitment; CHDC members emphasized the need to preserve specific affordability goals as the MCI planning proceeds. CHDC representatives also noted ongoing work evaluating properties for a Homeownership Buy-Down Program supported by recent Trust funds.
