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 →
Some Do’s and Don’ts of Creating an 8-30g Affordable Unit in Greenwich
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affordable housing trust fund
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P&Z Watch: Greenwich’s New Housing Trust Fund Is in the Works
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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 →
Filed under: Government, Real Estate, affordable housing, affordable housing trust fund, Board of Selectmen, Margarita Alban, Planning & Zoning, POCD
Affordable Housing Trust Fund Could Help Greenwich Achieve 8-30g Moratorium
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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 →