Borrelli 40B gets DHCD approval


jacob_cushman_house

The Department of Housing and Community Development issued a letter dated yesterday (a copy of the letter appears below) that gave its approval to Bob Borrelli’s proposed eight unit 40B at 67 North Street.  Borrelli next applies to the Zoning Board of Appeals of the Town of Medfield for a comprehensive permit.

Those eight affordable units are the second part of the affordable housing units needed by the Town of Medfield to gain a one year safe harbor from unfriendly 40B’s, when added to the Larkins’ thirteen affordable units at their Hospital Road 40B that were approved by the Zoning Board of Appeals this week.  The one year of safe harbor runs from the date that the Zoning Board of Appeals permits the Borrelli 40B units.

However, the town next needs to plan now for the twenty-one affordable units it needs to build each year for the next several years to keep its safe harbor from the unfriendly 40B’s.  The town needs about 140 affordable units beyond those described here.  Come to the Affordable Housing Workshop at 7PM on April 11 at The Center to hear about the next steps.

Commonwealth of Massachusetts DEPARTMENT OF HOUSING & . COMMUNITY DEVELOPMENT Charles D. Baker, Governor + Karyn E. Polito, Lt. Governor + Chrystal Kornegay, Undersecretary April 6, 2017 Mr. Robert J. Borrelli, Manager Medfield Holdings, LLC 9 Boiling Spring Avenue Medfield, Massachusetts 02052 Mr. Mark L. Fisher Medfield Board of Selectman 459 Main Street Medfield, Massachusetts 02052 RE: Cushing House, Medfield, Massachusetts De terr 11i11alio11 of Project Eligibility under the Local Initiative Program (LIP) Dear Messrs. Borrelli and Fisher: I am pleased to inform you that your application for project eligibility under the Local Initiative Program (LIP) for the proposed Cushing House project has been approved. This approval is based on your application that sets forth a plan for the development of eight rental units. The proposed rents of 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 context of the Medfield housing market; 5. The initial proforma for the project appears financially feasible and consistent with cost examination and limitations on profits and distributions on the basis of estimated development costs; 6. The project sponsor and the development team meet the general eligibility standards of the Local Initiative Program; and I 00 Cambridge Street, Suite 300 Boston, Massachusetts 02114 www.mass.gov/dhcd 617.573.1100 Medfield - Cushing House Page2 7. The project sponsor has shown evidence of ownership of the Project 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 Cushing House project will consist of eight units, two of which will be eligible for inclusion in the Medfield's subsidized housing inventory. The affordable units will be marketed and rented to eligible households whose annual income may not exceed 80% of aFea median income, adjusted for nousehofd size, as determined by t""li-e+Uf-'.Sq-.---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. c151B) 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. As the Cushing House project nears completion of construction, DHCD staff may visit the site to ensure that the development meets program guidelines. Medfield - Cushing House Page2 When the units have received Certificates of Occupancy, the developer must submit to both DHCD and to the Town of Medfield a project cost examination for the comprehensive permit project. This letter shall expire two years from this date or on April 7, 2019 unless'a comprehensive permit has been issued. We congratulate the Town of Medfield and the project sponsor on their efforts to work together to increase the Town's supply of affordable housing. If you have any questions as you proce. d with the project, please call Alana Murphy at 617-573-1301. cc: Sarah Raposa, Town Planner Michael Sullivan, Town Administrator James Murphy, Esq. Office of the Chief Counsel, DHCD Enc. RESPONSIBILITY FOR COST CERTIFICATION: By your signature below, Medfield Holdings, 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 Cushing House, Medfield, Massachusetts LOCAL INITIATIVE PROGRAM - COMPREHENSIVE PERMIT Sponsor: Medfield Holdings, LLC 9 Boiling Spring Avenue Medfield, MA 02052 Project Addresses: 67 North Street Medfield, MA 02052 This project will provide ownership opportunities according to the following breakdown: Tl£ee of Unit ·#Units # Bdrms #Baths Gross SF Maximum Rent Market Units Two Bedrooms 6 2 1 876 $1,950 LIP Units One Bedroom 1 1 1 700 $1,279 Two Bedrooms 1 2 1 740 $1,461 TOTAL UNITS 820170406-DHCD-ltr from re Cushing House PEL_Page_220170406-DHCD-ltr from re Cushing House PEL_Page_320170406-DHCD-ltr from re Cushing House PEL_Page_4

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