The Fiscal Impact of Mixed-income Housing Developments on Massachusetts Municipalities

Download or read book The Fiscal Impact of Mixed-income Housing Developments on Massachusetts Municipalities written by Eric Nakajima and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: ... "Communities throughout Massachusetts confront the challenge of increasing housing opportunities for people with low- and moderate-income while also ensuring that the residential and commercial development that does occur in towns has, at worst, a neutral impact on the cost of public services."; "New construction raises concerns that the taxes generated by new housing will not offset the demand for services from the housing's occupants."; Massachusetts law allows developers to override local zoning when a communities does not have at least 10% affordable housing as a percentage of the town's housing stock so they can build mixed-income developments as long as they contain a set minimum percent of low-income housing; this is " ... an analysis of the historical impact that mixed-income home ownership developments have had on the municipal budgets. Recent surveys have shown that a majority of Massachusetts residents believe that affordable housing will increase municipal costs, especially, especially public school expenses. Recent studies have documented the great fiscal stress that Massachusetts cities and towns confront and the difficult choices that communities have to make to provide services to their residents. The purpose of this study is to further understanding of the impact that mixed-income development have on municipal costs and to offer a framework for planning future development."; "The UMass Donahue Institute used a case study approach to analyze the historical fiscal impact of mixed-income homeownership developments constructed in Massachusetts during the past fifteen years."; does a detailed analysis of eight (8) developments in seven (7) towns: Brookline (Kendall Crescent) // Falmouth (Nickey Lane and Fresh Pond Farms) // Northampton (Pine's Edge) // Peabody (Stoneybrook) // Sandwich (Sherwood Forest) // Wellesley (Edgemoor Circle) // Wilmington (Buckingham Estates) ...