Route 114 Chapter 40B Housing in Danvers on Hold

The Danvers Herald reports that the Danvers Zoning Board of Appeals continued a proposed Chapter 40B condominium development to development the site at the former Rio Grande on Route 114 in Danvers which would provide 71 condominiums – 17 affordable housing units (25% of the total).

Chapter 40B requires a municipality to have 10% of its property affordable for low- and moderate-income people. If not, a developer is allowed to bypass most local zoning requirements in return for making 25% of the units affordable.

Read the entire Danvers Herald article.