Comments
ateamanhacompanheiro t1_jae6m97 wrote
"affordable"
dj_daly t1_jaehgcw wrote
Yeah seriously. I guarantee these two bedrooms wouldn't go any lower than $2200.
swoldier_force t1_jaeohcz wrote
Parking not included.
But you get a pool table with no balls in the “resident lounge” and photo copier that doesn’t work in the complimentary “business center”
barry_abides t1_jaewaqj wrote
I read through this proposal, currently they're planning to designate 36 one-bedroom units (out of 364 total units) as affordable. Their current projected monthly rent for the affordable units is $1,243. This is likely subject to change based on the 60% area median income (AMI) threshold once it gets built. As written, the affordability would only last as long as the tax incentive (15 years). After that they would go up to market rate pricing.
edith-bunker t1_jaex74y wrote
Affordable housing development… which means after the tax breaks the state of Massachusetts will also subsidize these apartments. Ugh. Edit: we definitely need more affordable housing, no doubt, but these millionaire and billionaire developers are taking advantage of the people.
edith-bunker t1_jaexl2m wrote
It’s a shit deal.
barry_abides t1_jaey09y wrote
Yes, if we had the inclusionary zoning policy in place already they would have to provide the same number of affordable units (or pay into the housing trust) and we wouldn't need to provide any tax incentives. Tell your city councilors to get inclusionary zoning on the books ASAP!
joebeast321 t1_jaf19fs wrote
Time to audit these banks. Unsure how many homes in Worcester are vacant but many banks hold onto housing to increase price. I'm sure at the very least a vacancy tax would free up some supply.
Sithlordbelichick t1_jaf1m7c wrote
lol affordable
Cool-Note-2925 t1_jadinq2 wrote
Because fuck my rent