Affordable Housing Trust Seeking Your Contributions
Posted on: February 10, 2023 - 11:12am
DID YOU KNOW…
Essex has an Affordable Housing Trust that operates under the authority of Section 2-28 of the Town of Essex bylaws. Essex has only 2.7% of its housing stock officially recognized as affordable housing, which is well below the 10% of a town’s housing stock required in Massachusetts to be safe from 40B developments that allow a developer to disregard certain zoning requirements.
Residents can contribute to the Essex Affordable Housing Trust or affordable housing efforts by:
- making a donation to the Trust in money or real property
- deed restricting your rental property or other housing to be used specifically for affordable housing
- providing financial support for the construction of affordable homes by private developers (non-profit or for-profit)
- rehabilitating existing homes and apartments to convert to affordable housing
- increasing affordability in existing and future housing developments
- supporting development of surplus municipal property for affordable housing
- supporting to preserve restrictions on properties before restrictions expire
- supporting programs to assist low- and moderate-income homebuyers
- supporting programs to help low- and moderate-income families make health and safety repairs
- supporting education and advocacy to advance affordable housing initiatives
For more information, contact Town Administrator Brendhan Zubricki (978) 768-6531 or bzubricki@essexma.org