Developer seeks age-limit change

Developer seeks age-limit change

There are 1 comment on the Lowell Sun story from Aug 11, 2010, titled Developer seeks age-limit change. In it, Lowell Sun reports that:

In the midst of a sluggish housing market, developers hope the town will lift the age restriction on their "active seniors" condo project to sell the units quickly.

Join the discussion below, or Read more at Lowell Sun.

Too bad

Salem, MA

#1 Aug 11, 2010
The 40B law is a good law and this is an opportunity for HAC to show its teeth. The developer should be obligated to prove economic hardship. Even then there should be no assurance that the developer prevails. The State, the town and the developer should work together to resolve the issue. Of course the resolution should be in the best interest of the Town of Groton. If a change is possible maybe the developer could make a sizable contribution to the affordable housing trust fund? Or increase the number of affordable units. It is all about give and take and the developer should be willing to give something back to the town. Good luck. Show us how the 40B law can be advantageous to all communities across the Commonwealth.

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