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GA Blog: Beverly

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3.1.19 Housing Watch: Danvers & Beverly Included Among Healthiest Housing Markets in Massachusetts According to New Survey

A new survey ranks Danvers and Beverly among the healthiest housing markets in Massachusetts according to a new survey by SmartAsset, a financial technology company. The survey is based on four indicators: stability, risk, ease of sale, and affordability. 

More information on SmartAsset is available here

Danvers

Beverly

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2.20.19 Housing Watch: Anchor Point Housing Development in Beverly Receives $250K in CPA Funding

A new affordable housing project being eyed for a 5-acre plot of vacant land at 108 Sohier Road will receive $250,000 in Community Preservation Act funding.

The development, called Anchor Point, is a project established by Harborlight Community Partners, a non-profit devoted to providing affordable housing on the North Shore.

“The project offers a lot of advantages and benefits, and fulfills a deep need in Beverly,” said Marilyn McCrory, chairman of Beverly’s community preservation committee (CPC).

The CPC voted unanimously to recommend funding for the project, and the Beverly City Council voted unanimously on Tuesday to green light that funding.

“I think we all agreed it was a very strong project in the housing category,” McCrory said. “All of the units that Harborlight is proposing to build will be affordable. It’s a large number of new units, which we haven’t seen a lot of coming before either the community preservation committee or the city.”

In addition to money from the CPC, the project will leverage a tremendous amount of funding from other sources, to the tune of $18 million.

“We asked for early approval of the funding so that Harborlight could meet a state funding grant application deadline,” McCrory explained.

The CPC allocation will help fund the first phase of the Anchor Point project, which will include 38 two- and three-bedroom affordable housing units. A second phase would build 37 apartments, for a total of 75.

More on this housing project is available at the Beverly Citizen

The City Council previously voted to create a special 40R Smart Growth Zoning Overlay 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.

Beverly

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

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.

Beverly

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2.11.19 Housing Watch: Panel Backs $250K for Affordable Housing Complex in Beverly

A committee has recommended spending $250,000 in community preservation money to help pay for the first phase of an affordable housing development on Sohier Road in Beverly.

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.

The spending must be approved by the City Council, which has set a public hearing on the matter for Feb. 19.

Harborlight Community Partners Executive Director Andrew DeFranza said Anchor Point would provide much-needed housing for working families and formerly homeless families. A second phase would build 37 apartments, for a total of 75.

"It creates economically accessible housing for families in Beverly into the future," DeFranza said. "It's 75 units, which is really very exciting in my mind."

Harborlight Community Partners, an affordable housing agency based in Beverly, bought the 5 acres of vacant land on Sohier Road, up the hill from Beverly High School, for $3 million in January 2018.

The City Council 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.

The full project would feature two buildings for the 75 apartments, and a third building to serve as a community space, management offices, and a new corporate office for Harborlight.

More on this proposal from The Salem News.

Beverly

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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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7.30.16 Folly Hill Condo/Apartment Potential Development in Beverly

The Salem News reports that a developer is eying building on a 76-acre parcel in Folly Hill, off Route 128 in Beverly, MA.  The potential development would border two existing residential complexes - The Folly Hill Meadows Apartments and Apple Village – and add nearly 700 new apartments and condominiums.

The land, a wooded area valued at about $3.7 million, according to city assessors records, runs along Trask Lane, meeting up with the Beverly Golf & Tennis Club on one end and also abuts neighborhoods on Walcott Road, Friend Street and Sunset Drive. It also borders the Danvers town line.

According to a map in the builder’s brochure, most of the land is not developable, but it could accommodate 634 “garden-style” units and 51 townhouses. The land is currently zoned for residential use.

Mayor Michael Cahill and city officials are looking to scale down such a significant residential development.  According to Mayor Cahill, “While there are private property development rights involved here, we believe over-development on this site would not be in the best interests of the people of Beverly, so we are exploring the city’s options,”

Read the entire Salem News article.

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