Ipswich Affordable Housing Development

According to the Ipswich Chronicle, construction on Powderhouse Village, a new 48-unit affordable housing development in Ipswich, could begin as early as May 2010.  The Chapter 40B housing project will be made up of two buildings, each three-stories high. One building with 30 units will be constructed on the Millstone property at 108 County Road across the street from Agawam Village. The other, to be built at 112 County Road where the yellow building (above) presently sits, will have 18 units plus a YMCA day-care facility. In all, there will be 10, one-bedroom apartments, 24, two-bedroom apartments and 14, three-bedroom apartments.

Chapter 40B, the state’s affordable housing law states that 10% of a town’s housing stock must be affordable — defined by combination of housing prices and a community’s median income. If not, a developer can propose project containing affordable housing that is not bound by the town’s local zoning requirements.

Read the entire Ipswich Chronicle article.