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Peabody Voices Opposition to 40B Development

2.19.20

Neighbors and city officials have voiced their opposition to a proposed development of 133 condos at the site of the former J.B. Thomas Hospital site. 

Hemisphere Development Group LLC. Is looking to develop the site under Chapter 40B.  Since Peabody does not meet the state minimum of 10% Affordable Housing stock under 40B, the development is not required to meet all local zoning regulations if at least 20% of the units have long-term affordability restrictions.  The development is proposed to include 34 Affordable Units, which would be 25%. Hemisphere had submitted a different, 110-unit senior condo plan to the city last year but withdrew it amidst opposition.

February 18th was the deadline for comments to MassHousing.  Peabody is reported “to have hand delivered … to MassHousing a packet of about 50 letters and a petition with more than 500 signatures opposing the project.”

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