Bob Borrelli presented his plans for his latest friendly 40B located at 71 North Street (copies below) to the Board of Selectmen on Tuesday evening, and received a BoS vote of town support for this Local Initiative Project (LIP). The project will be similar to his almost completed (rentals starting in November) 67 North Street project in the Jacob Cushman House, which saved the old structure at the street and added on a new addition at the rear. Both projects will have eight residential rental units, with two in each being affordable, but where both are rental projects, the town gets credit for all eight units in each as part of our Subsidized Housing Inventory (SHI) towards our 10% affordable housing requirement.
The eight units in the Jacob Cushman House are part of the 21 Subsidized Housing Inventory (SHI) units the town permitted this past year, along with the 13 SHI that are part of the Larkins’ Hospital Road ownership 40B that got the town into a one year safe harbor from unfriendly 40B’s. The Town of Medfield will need to permit another 13 SHI before next summer to have an additional year of safe harbor from the unfriendly 40B’s, and there are many irons in the fire to provide those additional SHI units.