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2014-12-00-CPC-rpt (Needs Assessment Report)
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2014-12-00-CPC-rpt (Needs Assessment Report)
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Minutes - CPC - Community Preservation Committee - Needs Assessment Report
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Town -owned lots. Utilizing donations and rental income from its housing units, LexHAB has <br />built or rehabilitated 12 single and two-family homes on scattered sites throughout the Town <br />with the help of Minuteman Career & Technical High School students and the Rotary Club. <br />At the 2014 Annual Town meeting, voters approved CPA funding for LexHAB to construct <br />two residences, each with three apartments, on a half -acre portion of the Busa land, <br />purchased earlier with CPA funds. One apartment in each building will be handicapped <br />accessible. The motion authorized LexHAB to utilize $535,000 in unused CPA funds from <br />the two previous years' appropriations, as well as an additional $750,000. An application for <br />initial Department of Housing and Community Development approval of this project is being <br />prepared. Approval by this Department is necessary for all units to be counted in <br />determining Lexington's compliance with Chapter 40B. <br />LexHAB is also in the process of developing four units of housing on a 25,000 square foot <br />parcel on Fairview Avenue purchased with its own funds. This project entails rehabilitation <br />of an existing house and construction of a new residence with three apartments, one <br />handicapped accessible. This project has been approved by the Selectmen, DHCD [initial <br />approval], and the Zoning Board of Appeals. Development of a Regulatory Agreement with <br />DHCD is underway. <br />At the 2009 Annual Town Meeting, Town Meeting Members approved use of about 30,000 <br />square feet of the 14 acre Leary parcel for affordable housing. More than three years ago, a <br />Committee appointed by the Board of Selectmen made recommendations for housing at this <br />site. Progress to date is limited to the removal of the Leary residence from the site. <br />NEEDS <br />Both locally and statewide, the demand for housing affordable to low and moderate income <br />residents exceeds supply. The lack of such housing leads to a loss of diversity at the local <br />level and a loss of population at the state level as individuals and families abandon <br />Massachusetts for more affordable areas of the country. The State has sought to foster the <br />creation of affordable housing through M.G.L. c.40B, which mandates that each municipality <br />have a minimum of 10% of its housing stock in the affordable category in order to avoid the <br />potential imposition of housing developments that do not conform to local zoning bylaws. <br />In Lexington there continue to be frequent "teardowns" of existing smaller homes, to be <br />replaced by much larger and more costly homes. This pattern contributes to the very high <br />average cost for single family homes in Town. While the Town of Lexington is currently in <br />compliance with the 10% requirement of State law, as more market rate housing is <br />constructed, and as price restrictions on some currently affordable housing units expire, the <br />Town could easily drop below the 10% threshold, allowing a developer who allocates 25% of <br />a rental project to affordable housing to avoid being subject to the density and siting <br />restrictions of Lexington's Zoning Bylaw. This provides a practical incentive for the Town to <br />continue to add affordable units to its inventory. It should also be noted that the 11.2% <br />Subsidized Housing Inventory (SHI) figure which is presently quoted as Lexington's <br />percentage of affordable housing comprises both deed -restricted affordable units as well as <br />01 <br />
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