DHCD approves LIP by Goddard School

Posted on March 27, 2018 | 1 Comment

The Department of Housing and Community Development (DHCD) sent the town a letter, received today (a copy of the letter appears below), approving Matt Borrelli’s Local Initiative Program (LIP) the Board of Selectmen approved at 80 North Meadows Road, called Hillside Village.  It is to be located built into the steep slope to the left of the Godard School, on the same lot as the school and sharing the existing entrances and exits.

The sixteen units of Subsidized Housing Inventory (SHI) produced by this LIP, when combined with the eight units of SHI from Bob Borrelli’s LIP at 71 North Street, next to his already open LIP at 67 North Street, will give the town another year of safe harbor from unfriendly 40B projects.

The Affordable Housing Trust Committee continues to do an effective job of lining up enough Subsidized Housing Inventory units each year to keep us in a safe harbor.

Commonwealth of Massachusetts DEPARTMENT OF HOUSING & COMMUNITY DEVELOPMENT Charles D. Baker, Governor + Karyn E. Polito, Lt. Governor + Jennifer D. Maddox, Acting Undersecretary March 22, 2018 Osler L. Peterson, Chair Board of Selectman Town of Medfield 459 Main Street Medfield, Massachusetts 02052 Mr. Matt Borrelli Needham Investment Company, LLC 1175 Great Plain Avenue Needham, Massachusetts 02492 RE: Hillside Village, Medfield, Massachusetts FU!CEIVED MAH 2 "7 zr 18 MEDFIELD SELECTMEN Determination of Project Eligibility under the Local Initiative Program (LIP) Dear Messrs. Peterson and Borrelli: I am pleased to inform you that your application for project eligibility under the Local Initiative Program (LIP) for the proposed Hillside Village project has been approved. This approval is based on your application that sets forth a plan for the development of sixteen (16) rental units. The proposed rents for the LIP units are generally consistent with the standards for affordable housing to be included in a community's Chapter 40B affordable housing stock. As part of the review process, Department of Housing and Community Development (DHCD) staff has performed an on-site inspection of the proposed project sites. DHCD has made the following findings: 1. The proposed project appears generally eligible under the requirements of the Local Initiative Program, subject to final program review and approval; 2. The site of the proposed project is generally appropriate for residential development; · 3. The conceptual plan is generally appropriate for the site on which the project is located; · 4. The proposed project appears financially feasible in the coriteXt of the Medfield housing market; · 5. The initial proforma for the project appears financially feasibleand consistent with cost examination and limitations on profits and distributi.ons on the basis of estimated development costs; I 00 Cambridge Street, Suite 300 Boston, Massachusetts 02 I I 4 www.mass.gov/dhcd 617.573.1100 Page2 Hillside Village - Medfield, MA 6. The project sponsor and the development team meet the general eligibility standards of the Local Initiative Program; 7. The project sponsor has an executed Purchase and Sale agreement for the site. The proposed project must comply with all state and local codes not specifically exempted by a comprehensive permit. Please provide us with a copy of the comprehensive permit as soon as it is issued. The DHCD legal office will review the comprehensive permit and other project documentation. Additional information may be requested as is deemed necessary. Following the issuance of the comprehensive permit, the specifics of this project must be formalized in a regulatory agreement signed by the municipality, the project developer, and DHCD prior to starting construction. As stated in the application, the Hillside Village project will consist of sixteen (16) units, four (4) of which will be affordable; all will be eligible for inclusion in the Town's subsidized housing inventory. The affordable units will be marketed and rented to eligible households whose annual income may not exceed 80% of area median income, adjusted for household size, as determined by the U.S. Department of Housing and Urban 'Development. The conditions that must be met prior to final DHCD approval include: 1. A final affirmative fair marketing and lottery plan with related forms shall be submitted that reflects LIP requirements including consistency with the Comprehensive Permit Guidelines, ·Section Ill, Affirmative Fair Housing Marketing Plans; 2. Any changes to the application it has just reviewed and approved, including but not limited to alternations in unit mix, rents, development team, unit design, site plan and financial proforma reflecting land value, must be approved by DHCD; 3. The project must be organized and operated so as not to violate the state antidiscrimination statute (M.G.L. c151 B) or the Federal Fair Housing statute (42 U.S.C. s.3601 et seq.). No restriction on occupancy may be imposed on the affordable unit (other than those created by state or local health and safety laws regulating the number of occupants in dwelling units); and 4. The Town shall submit to DHCD the finalized details of the comprehensive permit Page3 Hillside Village - Medfield, MA As the Hillside Village project nears completion of construction, DHCD staff may visit the site to ensure that the development meets program guidelines. When the units have received Certificates of Occupancy, the developer must submit to both DHCD and the Medfield Board of Selectmen a project cost examination for the comprehensive permit project. This letter shall expire two years from this date or on March 22, 2020 unless a comprehensive permit has been issued. We congratulate the Town of Medfield and Needham Investment Company, LLC on your efforts to work together to increase the Town's supply of affordable housing. If you have any questions as you proceed with the project, please call Alana Murphy at 617-573-1301. Catherine Racer Associate Director cc: Sarah Raposa, Director of Planning Michael Sullivan, Town Administrator Stephen Nolan, Zoning Board of Appeals Office of the Chief Counsel, DHCD Enc. RESPONSIBILITY FOR COST CERTIFICATION: By your signature below, Needham Investment Company, LLC, acknowledges and accepts this approval letter, including the obligation under law to provide the Department of Housing and Community Development and the Town of Medfield with a project cost examination. Signature: ___________ _ Name (print): _______ ____;. _ _ Date: ____________ _ Upon receipt, please make copy of this letter and return a signed copy to Division of Housing Development, Department of Housing and Community Development, 100 Cambridge Street, Boston, MA 02114 ATTN: Local Initiative Program Hillside Village, Medfield, Massachusetts LOCAL INITIATIVE PROGRAM - COMPREHENSIVE PERMIT Sponsor: Needham Investment Company, LLC 1175 Great Plan Avenue Needham, MA 02492 Project Address: 80 North Meadows Road Medfield, MA 02052 This project will provide ownership opportunities according to the following breakdown: Type of Unit #of #of #of Gross Utility Maximum Units Bdrms Baths SF Allowance Rent 5 1 1 950 $1,925 Market Units 6 2 2 1,056 N/A $2,350 1 3 2 1,100 $2,650 L.l.P. Units 1 1 1 895 $136 $1,655 2 2 2 1,048 $169· $1,861 1 3 2 1,100 $216 $2,065 Total Units 1620180326-DHCD-ltr from re 80 North Meadows Road-LIP_Page_220180326-DHCD-ltr from re 80 North Meadows Road-LIP_Page_3

20180326-DHCD-ltr from re 80 North Meadows Road-LIP_Page_4

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One response to “DHCD approves LIP by Goddard School”

  1. Megan | March 27, 2018 at 12:14 pm | Reply

    And Congratulations to you.Thanks for 3 more years of service to the town.

    Megan

    Sent from XFINITY Connect App

    Like

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