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Meeting Notice: Beverly City Council to Consider $250K in CPA Funds for Anchor Point Housing Development Tonight

2.19.19

The Beverly City Council will host a public hearing as they consider a $250,000 appropriation of CPA funds to help pay for the first phase of an affordable housing development on Sohier Road during their scheduled City Council Meeting tonight, Tuesday, February 19th at 7:30 P.M. at Beverly City Hall

The meeting notice is available here.

The complex, to be called Anchor Point, calls for the initial construction of 38 two- and three-bedroom family apartments in a building at the corner of Sohier and Tozer roads. A second phase would build 37 apartments, for a total of 75.

The City Council previously voted to create a special zoning district for the area, which makes the city eligible for state payments based on the number of units and new students that would move into the district.

The housing would be for families earning at or below 60 percent of the area median income, which in 2018 was $64,680 for a family of four. Twenty percent of the units would be set aside for families coming out of homelessness.

More on this proposal is available at NSAR's Government Affairs Blog.

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