Chapter 40B Development in Boxford

The Tri-Town Transcript reported that the Boxford Housing Partnership has chosen a developer to build a 40B affordable housing development in Boxford.  The Oxbow Partners 40B housing project will be built on a 13-acre section of the Haynes land and consists of 20 townhouse units – 14 of which will be reserved for the Boxford community and all will be considered affordable.

Oxbow Partners will be applying for state grants for first-time buyers to subsidize the cost of construction and will offer a portion of the two or three bedroom units for $174,000 and $195,000 to families that make less than $64,000. They will offer the rest the units for $220,000 to $250,000 to families that make less than $85,000.

Read the entire Tri-Town Transcript article here.