Greenwich Free Press (https://greenwichfreepress.com/tag/affordable-housing-trust-fund/)
This is proposed as a “set aside” development under 8-30g. Four of the 18 units (22%) are proposed to be affordable, with assistance from the town’s Affordable Housing Trust Fund. Continue Reading →
A new application to P&Z would replace the former Honda dealership, as well as a residential house and a commercial building on Greenwich Ave, with two multi-story apartment buildings and retail space on the first floor level. One building would be six stories and one would be stories. Continue Reading →
An attorney representing IBM said if the American Lane application were approved, IBM would be forced to come in with its own zoning amendment. Continue Reading →
“I think it’s clear and you would agree that the loan the trust is committed to giving this project is financial assistance?” Bob Barolak asked. “With respect I think it’s hogwash,” Mr. Cohen said, characterizing the $100,000 as not significant assistance on a project of the size proposed. Continue Reading →
Advocates for a portion of Fire Dept review fees going to the town’s Affordable Housing Trust Fund noted that Greenwich is not in compliance with the state requirement towns have 10% of their housing be affordable. They said the town was on borrowed time before mandates are handed down from Hartford. Continue Reading →
Assistant Town Attorney Aamina Ahmad said the town legal dept determine the motion to amend a proposed ordinance to direct 50% of fire dept fees to the Affordable Housing Trust Fund was not in legal order.
Tom Byrne disagreed. He said the RTM was the ordinance-adopting authority in town. He urged appealing the Law Department’s opinion. Continue Reading →
Greenwich has been feeling the squeeze to add affordable housing. Currently the town has about 5% of units affordable, whereas 10% is required. Continue Reading →
Though there had been an early suggestion of adding a fee to developers’ permits, the trust fund will be funded exclusively by private donations. The expenditure level at which a donation must go before the RTM for approval is $500,000. Continue Reading →
The idea of an affordable housing trust fund had been proposed to the RTM in 1988, but it was tabled. A year later the state affordable housing statute, 8-30g, was approved. Continue Reading →