Of the 21 units, a third of them, (7 units), would be deed-restricted as affordable. Continue Reading →
Greenwich Free Press (https://greenwichfreepress.com/tag/8-30g/page/8/)
Of the 21 units, a third of them, (7 units), would be deed-restricted as affordable. Continue Reading →
Greenwich is subject to CT statute 8-30g because it does not comply with the state requirement to have 10% of its housing stock be “affordable.” It means 8-30g multi family developments do NOT have to comply with local zoning requirements including parking. Continue Reading →
“You have all these incentives, and you push back. There is an 8-30g,” contract purchaser Andrew Toth warned, referring to the state statute for affordable housing exempting developers from local zoning regulations. “Property is expensive. You have to have a certain rent roll.” Continue Reading →
Questions came from the Northwest Greenwich Association, the Northeast Greenwich Association and the Round Hill Association, as well as from the audience. Continue Reading →
Selectman Sandy Litvack questioned the Housing Authority why they want to enter the market rate rental business. Their proposed 4 story building will have 51 units of which 90% will be market rate. Continue Reading →