Housing Headlines

LYNN --- More than $2.2 million has been invested to increase affordable housing opportunities in Lynn since the city created the Affordable Housing Trust Fund in 2022. City Council approved an ordinance in June of 2022 establishing the Affordable Housing Trust Fund, which, in tandem with an inclusionary zoning policy, is designed to provide the city tools to address the critical issue of housing affordability.

SWAMPSCOTT --- The Westcott, the 114-unit 40B apartment complex on Essex Street, is on track to open in the middle of 2025 after WinnCompanies said it secured $69.1 million in necessary financing. It will include 16 apartments at 30 percent of AMI, 62 apartments at 60 percent of AMI, 16 "middle-income" or "workforce housing" apartments for those earning up to 110 percent of AMI and 20 units at market rates. Developers say residents will receive a variety of transit-oriented amenities.

STATE --- The Boston area's 12 rapid transit communities approved new zoning plans to comply with the state's housing law ahead of the Dec. 31 deadline. Braintree, Brookline, Cambridge, Chelsea, Everett, Malden, Medford, Milton, Newton, Quincy, Revere and Somerville said yes. The communities will allow for a combined capacity of over 83,000 units.

SALEM --- The Southern Essex Registry of Deeds has acknowledged more than 500 properties in Essex County contain racial covenants that once prohibited people of color and other groups from owning them. John O’Brien, who has retired, issued a register’s notice listing all the restrictive deeds as his “final act” in office. The covenants are unenforceable. Harborlight Homes and North Shore Chapter NAACP brought the restrictive language to O'Brien's attention last year.

AMHERST --- An affordable housing development by Way Finders Inc. will provide 78 apartments on Belchertown Road. However, the move-in date has been pushed to 2028, two years later than previously stated due to funding needs that depend on a mix of public and private sources, including housing tax credits from the state and federal governments, applications to the state’s Department of Housing and Community Development, and private capital and equity.

BRAINTREE --- Braintree has passed a series of zoning changes to promote multifamily housing in four areas of the town. The requirement means Braintree must allow zoning that could create at least 3,769 apartments or condominiums, which is one-quarter of the town’s existing housing units.