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1.9.19 Local News: Salem Mayor Kim Driscoll to Hold Housing Policy Address & Summit in 2019

According to Salem Mayor Kim Driscoll's Chief of Staff, Dominick Pangallo, Mayor Driscoll will provide an address on housing policies in place of the traditional "State-of-the-City" address on a date to-be-determined which will coincide with a "Housing Summit" in 2019. 

More here from The Salem Gazette

Salem

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1.8.19 National News: US Treasury to Begin Processing IRS Tax Transcript Requests to End Loan Delays

Information from the National Association of REALTORS®: 

Due to the government shutdown, the IRS had closed down and suspended the processing of all forms, including requests for tax return transcripts (Form 4506T) as of December 22, 2018. While the FHA and VA do not require these transcripts, they are required by many lenders for many kinds of loans, including FHA and VA, which had delayed many loans from being processed. 

Information via NAR from the Mortgage Bankers Association: 

While the IRS remains closed during the partial government shutdown, on Monday, January 7, 2019, thanks to direct advocacy to the Treasury Department from MBA and close coalition partners, the agency announced that it will begin processing requests for tax transcript information made through the Income Verification Express Service (IVES) program. Because it will take time to ramp up this service to normal operating status, it may initially take a few days to process requests that have been backlogged since the funding lapse began on December 22, 2018.

More information on what a Government Shutdown means for REALTORS® is available here from the National Association of REALTORS®. 

More coverage also available at HousingWire.

IRS

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1.8.19 Housing Watch: 48 Units of Housing Proposed for Old Factory Building in Downtown Peabody

The owners of an old chemical factory building at the corner of Howley and Walnut streets want to convert the brick, three-story structure into housing. And they say, this is in line with the city's vision for downtown Peabody. 

Attorney Jack Keilty, who represents the Flomp family, said the goal is to keep the existing building at 26 Howley Street, but turn it into as many as 48 apartments or condos. This would be accomplished by rezoning two parcels from a general business district to a business central district, which would allow housing by special permit from the City Council. 

More here from The Salem News

Peabody

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1.7.19 Housing Watch: Hamilton to Tackle Housing as Part of Town's Master Plan Update in 2019

According to Hamilton Town Manager Joe Domelowicz, the town's Planning Board hopes to tackle the discussion of what housing is needed for Hamilton through an update of the housing portion of the town's Master Plan, which was lasted updated in 2004. 

More from The Hamilton-Wenham Chronicle

Hamilton

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1.7.19 Housing Watch: Beverly Waterfront Site Under Agreement; 62 Housing Units Proposed

A long-stalled plan to build apartments or condominiums on a vacant piece of waterfront property is getting a new life. The owner of the so-called Ventron site, on Congress Street next to the Beverly-Salem bridge, said Wednesday that he has signed a contract with a developer to buy the land. 

If the deal goes through, the new owner would go ahead with a plan to build 62 apartments or condominums, current owner Dennis Patano said.

More here from The Salem News.

Beverly

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1.7.19 Meeting Notice: Salem to Hold Continuation of Public Hearing on Municipal & Religious Adaptive Reuse Overlay District this Wed 1/9

The City of Salem will hold a continuation of the joint Public Hearing of the Salem Planning Board and Salem City Council this Wednesday, January 9th at 7:00 P.M. at Salem City Hall, 93 Washington Street to consider the proposed zoning ordinance that establishes a Municipal & Religious Adaptive Reuse Overlay District. 

This ordinance provides for historic preservation while helping to meet the growing need for housing in Salem, especially senior and affordable units. As REALTORS®, we know firsthand that the North Shore is in need of increased housing stock. We understand that no community can sustain a desirable quality of life without meeting its residents’ basic need for housing.

Given that there is no permitting pathway or mechanism to allow for the preservation or reuse of these municipal and religious buildings as currently situated in Salem, NSAR supports this ordinance as it would establish sufficient oversight and flexibility to incentivize the reuse of these current and potentially underutilized properties in a beneficial manner to the community.

Salem's Proposed Municipal & Religious Adaptive Reuse Zoning Ordinance

NSAR’s Letter of Support

Joint Public Hearing Notice

NSAR encourages Salem REALTORS® to attend Wednesday's Public Hearing and voice your support. NSAR members attended and spoke in support of the ordinance at the initial hearing in December.

If you plan to attend or have any questions, please contact NSAR's Government Affairs Manager Kristian Hoysradt at kristian@northshorerealtors.com or by phone at 978-232-9410.
Salem

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