tag:blogger.com,1999:blog-3947607097668387126.post4654295771552504694..comments2024-03-28T14:43:46.573-04:00Comments on Franklin Matters: Live reporting: Legislation for actionSteve Sherlockhttp://www.blogger.com/profile/13070688297607895943noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3947607097668387126.post-33327972629536431222017-01-19T10:20:32.568-05:002017-01-19T10:20:32.568-05:00one of the 40B problems is that there is 40B units...one of the 40B problems is that there is 40B units are not in "all" the projects. Only some come through and make that concession. Some clearly can come through the 40B loophole that everyone fears and build things in a way that gets around some of the zoning regulations we have.<br /><br />The State monitors the 40B quantity and yes we have been below for a while. Currently at 9.3 if I recall correctly. Somethings can be done about it despite what some of the councilors insist.<br /><br />As for the excess profits, first I heard of it. I am not a 40B expert by any means, just learning every day through my reporting on what is happening. I would expect most developers would avoid that scenario. Human nature is to make money and not give it away. Steve Sherlockhttps://www.blogger.com/profile/13070688297607895943noreply@blogger.comtag:blogger.com,1999:blog-3947607097668387126.post-43550531553437767282017-01-19T09:50:33.480-05:002017-01-19T09:50:33.480-05:00I'm glad this didn't pass, but worry about...I'm glad this didn't pass, but worry about a 40B proposal. Surely there's money to be made by building what's currently allowed on the land, so the only reason for the zoning change is financial gain.<br /><br />Why are we below the 10% threshold for 40B? I thought there were 40B units in all the new developments being built and planed in town. Are we adding so many new units in total that the number needed to get to 10% is higher and higher? <br /><br />Also, how are the "affordables" selling/renting? At least 1 (Ben's landing)went on the "normal" market because there were no qualified affordable applicants. <br /><br />And, can any quantify the developer' excess profits that have been returned to the town per the 40B rules?Anonymousnoreply@blogger.com