[Massplanners] Fee in Lieu of Affordable Housing

[Darlene Wynne]

Hi Kathleen,
Beverly calculates our fee with yet another method, you can find more info
here: https://ecode360.com/29286460. It is complex, to say the least. I
agree with the comments regarding understanding your priorities in setting
the fee high or low. In Beverly, we don't expect the fee to create, on its
own, a replacement affordable unit and we recognize in some cases, paying
the fee is reasonable. We appreciate having funds in our AHT and using them
to leverage the creation of units in other projects.

You can find the FY23 costs here
<https://ecode360.com/BE3208/laws/LF1856295.pdf> as an example. As I've
just discovered the FY24 link is broken. (Both FY23 and FY24 are still in
the online waiting room, aka "New Laws" for General Code to update)


Darlene Wynne, AICP

*City of Beverly*

*Director of Planning & Development*

*978-605-2341*

*dwynne at beverlyma.gov <dwynne at beverlyma.gov>*



*--*


*When responding, please be aware that the Massachusetts Secretary of State
has determined that most email is public record and therefore cannot be
kept confidential. *



On Wed, Apr 17, 2024 at 11:31 AM Williams, Kathleen via MassPlanners <
massplanners at masscptc.org> wrote:

> Hi All,
>
>
>
> The Town of Yarmouth is looking to modify the way we calculate the cash
> payment for the Fee in Lieu of Affordable Housing.  I know this is a topic
> that has been discussed before and have looked at the more recent
> responses, but was wondering how others determine this calculation.
>
>
>
> Yarmouth is looking at a way to calculate the difference in sale price
> between the market rate unit and an affordable unit and are proposing the
> following.
>
>
>
> 412.4.5 Fee in Lieu of Affordable Housing.  Calculation of cash payment.
>
>
>
> For each affordable unit not provided within the locus of the development,
> the fee shall be the difference between the current Median Sale Price* and
> the affordable price calculated to be affordable by the Massachusetts
> Executive Office of Housing and Livable Communities (HLC) Local Initiative
> Program (LIP)** to a household of four earning no more than 80% of the Area
> Median Income as set by U.S. HUD on an annual basis for Barnstable County.
>
> * The Median Sale Price is per the most current Warren Group data,
> adjusted for unit type, and where units in multi-family buildings of 3 or
> more units are considered condominium units.
>
> ** Housing units in multi-family buildings of 3 or more units are
> calculated as condominium units.
>
>
>
> Thanks,
>
> Kathy
>
> *----------------------------------------*
>
> *Kathy Williams, P.E.*
>
> Yarmouth Town Planner
>
> 1146 Route 28
>
> South Yarmouth, MA  02664-4492
>
> (508) 398-2231 Ext 1276
>
> kwilliams at yarmouth.ma.us
>
>
>
>
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>
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