Haverhill, Neighbors fight Proposed 40B Project

The Eagle Tribute reported that developer Brian Donahue, of Donahue Builders in Tewksbury, plans to ask the Commonwealth to approve a 32-unit condominium complex under the state’s Affordable Housing law, Chapter 40B.

The development would be built off Route 97 in the Western part of the City. Chapter 40B allows developers to circumvent local zoning rules in exchange for building housing with at least 25% affordable units in communities with less than 10% of affordable housing stock. According to the Tribune, Haverhill has more affordable housing than most of its surrounding communities, however the stock is currently about 9.5%, which is not enough to block a Chapter 40B proposal.

Mayor James Fiorentini is promising to fight Donahue’s proposal if it comes before the City.

Read the entire article.