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2011- 12-01-CPC-rpt (Needs Assessment Report)
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2011- 12-01-CPC-rpt (Needs Assessment Report)
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Minutes - CPC - Community Preservation Committee - Needs Assessment Report
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Town of Lexington <br /> Community Preservation Plan <br /> Community Housing <br /> BACKGROUND <br /> The majority of Lexington's population is in the middle-income category, earning over 80 <br /> percent of area median income. [Areawide Median Income for a family of four in Lexington <br /> was determined by the U.S. Department of Housing and Urban Development to be $91,800 in <br /> 2010]. Eighteen percent of the Town's population falls into the moderate, low, or extremely <br /> low-income categories. Lexington is faced with a declining population in the 18 to 44 age group. <br /> High housing costs make it difficult for young people to afford a home in Lexington, where the <br /> average home price was just under $600,000 in 2010. At the same time, the population over 65 <br /> is on the increase. Members of this group often live on fixed incomes. There is a clear need to <br /> create affordable rental and ownership opportunities for young families and senior citizens who <br /> fall into the low-income or moderate-income categories. <br /> Lexington has three housing organizations that provide and advocate for low- and moderate- <br /> income housing. <br /> Lexington Housing Authority (LHA) <br /> The Lexington Housing Authority was established in 1968 pursuant to Chapter 121B of the <br /> General Laws of Massachusetts. Its role is to provide safe, sanitary and affordable housing for <br /> low-income individuals and families, including veterans and the elderly. Housing units <br /> administered by the Housing Authority are supported by either State or Federal funds. The <br /> Housing Authority is governed by a five-member Board of Commissioners, four of whom are <br /> elected by Town voters and one of whom is appointed by the Governor. <br /> Lexington Housing Assistance Board (LexHAB) <br /> In 1983 the Lexington Housing Assistance Board, Inc. was established by an Act of the General <br /> Court as requested by Town Meeting and the Board of Selectmen. The immediate rationale for <br /> LexHAB's creation was the conversion of the former Muzzey Junior High School to affordable <br /> housing. The charge to LexHAB was broadly framed to enable it to look beyond the Muzzey <br /> units in order to provide housing for young families and other residents who could not qualify for <br /> housing provided by the Housing Authority or for whom no LHA unit was available, but who <br /> were nevertheless in need of housing assistance. The Town charged LexHAB, subject to the <br /> direction of the Board of Selectmen, to"investigate and implement" housing alternatives for low, <br /> moderate and middle income families. LexHab provides rental housing to eligible persons and <br /> families whose incomes do not exceed either 60% or 80% of the area median income for the <br /> greater Boston area. Since it is locally sponsored, it is able (in cases where need is equal) to give <br /> 6 <br />
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