ABC February Newsletter: New Proposals for Central Square and More Proof That Building Means More Affordability

Spring is in sight and ABC has been planning new work for 2016. We are considering initiatives and programs that will continue to inform citizens of the important challenges we face. In addition, with the master planning process now underway, watch this space for updates including ways you can get involved in the coming months. Stay tuned for more to come.

DEVELOPMENT UPDATES

Cambridge resident Patrick Barrett announced plans to renovate and convert 907 Main Street into a boutique hotel. Barrett expressed a desire to incorporate a residential component into the renovation, but ultimately zoning made it too difficult.

This is a real world example of how outdated and restrictive zoning has lead to the housing crisis we face today. Regarding the current zoning, Barrett said, “There are sections of the ordinance that make residential builds infinitely more difficult than hotel or commercial in business districts. I could go for a variance for relief, but some of the neighborhood groups are ruthless and would ultimately land me in Superior Court. I cannot afford to spend two years fighting a case I'd likely lose,” Barrett said. – Cambridge Chronicle

Cambridge released an online brochure on affordable housing programs and services available in the city.
A Long Standing Commitment to Affordable Housing

The city has made its Fiscal Year 2015 Annual Report available online. The report contains budgetary information and updates on city initiatives.
City of Cambridge


UPCOMING EVENTS

The Massachusetts presidential primary election is Tuesday, March 1st.
www.wheredoivotema.com


LINKS OF INTEREST

DID YOU KNOW?

According to the CDD the 2014 median market rate sales price of a single family home in Cambridge was $1,200,000, for a two family $937,000, and for a condominium $575,000.

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