How does affordable housing work?

The Massachusetts Department of Housing and Community Development provides the framework/regulations for the price points for ownership and rental units, the definitions, the process for local preference whereby up to 70% of the units can include a local preference for current Littleton households, households with a family member who works in Littleton, and households with a child in Littleton schools. 25% of the new housing units in a Littleton Station 40R Smart Growth District would be deed-restricted affordable units, and both rental units and ownership units are anticipated at this location.

So apartments, condos, townhouses, starter homes, and possibly cottage dwellings, all ranging from studio and 1-bedroom apartments to 3-bedroom units can be anticipated. Pricing, sales, rentals, and a robust Fair Housing outreach process are required for all deed-restricted affordable housing units; the developer hires a housing specialist/lottery agent for the initial sales, and an onsite rental company manages the affordable rental process. Long-term monitoring of rental and sales/re-sales of affordable units is the responsibility of a monitoring agent, overseen by the Town, and would be outlined in the deed restrictions placed on affordable units. This process, including rental rates, price points, and selection process is set by the State, using HUD guidelines to assure compliance with the Federal Fair Housing Act. The 2020 sales price for an affordable unit in Littleton is approximately $205,000 for 1-bedroom units and $229,400 for 2-bedroom units.

Show All Answers

1. Why 40R?
2. Will the public have input?
3. Is there need for additional housing/for additional affordable housing?
4. How does affordable housing work?
5. How will this new zoning impact our schools?
6. What about Foster Street?
7. What about my property values?
8. What about commuter parking?
9. What is 40R?