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Boston and New England Multifamily News

Affordable housing threat prompts call for committee
By Amy Reay/Correspondent Tuesday, February 13, 2007 - Updated: 04:28 PM EST DOVER – Dover residents could eventually face having 200 units of affordable housing built within town limits under Massachusetts’ statute Chapter 40B, town officials told a Feb. 7 selectman meeting.

Truth in affordable housing
February 12, 2007 THROUGHOUT MASSACHUSETTS, politicians, activists, and the press have been shocked -- absolutely shocked -- by Inspector General Gregory Sullivan's assertion that builders of some affordable housing developments overstated their costs to hide profits. Some have called for more regulation and greater oversight. A better response would be to change the system to make it less tempting to lie.

Cheers, jeers for Quincy building ban
The Patriot Ledger QUINCY - On the front porch of his house on Beale Street, Mike Kaing glanced up at the five-unit condominium building under construction next door and summed up the neighborhood’s feelings: ‘‘I guess a lot of us didn’t want that to be built,’’ Kaing said. ‘‘It kind of towers over the houses, and it makes mine look small.’’

Patrick holds federal loan program up to public view
February 11, 2007 BOSTON -- Each year Massachusetts doles out hundreds of millions of dollars in federal low-interest loans to quasi-public development and education financing agencies in a selection process that takes place largely out of public view.

Return to the river
February 11, 2007 Boston's once-neglected river is now a popular address. The Neponset River, long one of the state's most polluted and neglected waters, is enjoying a renaissance, as about a dozen new housing developments are being built or planned along its riverfront, from Quincy to Westwood.

Children s big plans: Hospital may build near Fenway Park
By Boston Herald Business Reporter Sunday, February 11, 2007 C hildrenâ€™s Hospital has some big expansion plans - some of which extend as far away as

Building trust
Town approves affordable housing initiative February 10, 2007 | Old Colony Memorial PLYMOUTH - If you want something done right, do it yourself. That, according to the Board of Selectmen, applies as much to affordable housing in Plymouth as anything else. With that in mind, the board voted unanimously Tuesday in favor of creating the Plymouth Affordable Housing Trust.

Affordable housing is official's concern
Daniel O'Connell Photo by Ben Garver / Berkshire Eagle Staff Saturday, February 10 PITTSFIELD — Daniel O'Connell, the newly appointed state secretary of housing and economic development, addressed concerns yesterday about a lack of affordable housing and the challenge it poses to companies when attracting and retaining employees as he started his Massachusetts tour in Pittsfield.

Illegal profits at the expense of taxpayers
When millions of dollars are being thrown around, almost for the taking, you can be sure that someone will grab some of the cash, whether it belongs to them or not. That includes developers who have made millions building affordable housing, but still can't keep their fingers out of the pie and want more than their legal share.

Cheap housing scarce
Rents in Vermont are the second-lowest in New England and much lower than the national average. But the report by the Federal Reserve Bank of Boston also found that while apartments in much of New England are affordable, there is a critical shortage of affordable housing for low-income residents.

Farm project would strain finances, report says
By Lydia Crafts/Staff Writer Thursday, February 08, 2007 - Updated: 03:57 PM EST AvalonBay’s proposed development for Hamilton Farm would have resounding impact on school and municipal resources and cost the town millions of dollars, a Finance Committee report revealed.

Developer, state spar over Lancaster Estates
Article Launched: 02/06/2007 10:55:25 AM EST Mayor Dean Mazarella wants to meet with officials from the Inspector General's office after they found developer Peter Bovenzi had misrepresented his profits from an affordable housing project by more than $1 million.

Rep. Hargraves: Put a hold on 40B permitting process Probe finds ...
Article Last Updated: 02/06/2007 11:31:07 AM EST BOSTON -- Rep. Robert Hargraves, R-Groton, wants to freeze the permitting process for all affordable housing projects in light of a state audit indicating several developers hid about $4 million in profits.

M/PF, Torto Wheaton to Jointly Create Web-Based Forecasts for Multifamily Investors and Lenders - 2/3/03
M/PF, Torto Wheaton to Jointly Create Web-Based Forecasts for Multifamily Investors and Lenders CARROLLTON, TEXAS, February 3, 2003—M/PF Research, Inc., the leading provider of market research to the multifamily industry, and

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