Housing: Fiscal Impact

Race-based Inequality of Economic Opportunity

This is our national challenge for the next 25 years, according to Jeffrey C. Fuhrer, Executive Vice President/Chief Strategy Officer for MassDevelopment, the Commonwealth’s economic development and finance authority. Fuhrer prepared this slide presentation for a meeting with regional affordable housing experts and developers in November, 2020. Part 1 looks at projections for ...
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Municipal Affordable Housing Trust:

A Guide for Arlington The Massachusetts Housing Partnership put together this 2018 guidebook, v.3, to help municipalities adopt Municipal Affordable Housing Trust Fund (MAHT) legislation to suit the specific needs of each municipality. Arlington is considering the acceptance of enabling legislation in the November 2020 Virtual Town Meeting to create the Town’s own MAHT. ...
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Housing Developer Math

Dave Weinstock, an Arlington resident interested in affordable housing wondered about the concept of “developer math”. The math involved in planning an affordable housing projects is a problem that needs to get solved in order to have anything built here in Arlington, or anywhere. This topic comes up frequently in community discussions ...
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Consider the Schools: Add More Housing

Jennifer Susse authored this letter on January 20, 2020. Ms. Susse is a member of the Arlington School Committee and a Town Meeting Member. She closely follows the costs and demographic trends of school enrollment and of Town finances. I write in support of efforts to increase housing in Arlington, both as a resident ...
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What Is Impact on Arlington School Costs of More Housing?

Does Arlington need more housing? If yes, will more housing result in higher school costs? There is a perception that more housing means more school age children and more school age children will strain the capacity and expand the budget of the Arlington Public Schools. Prelimary reviews suggest that more housing would ...
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Will More Arlington Housing Raise Town Costs For Schools?

Prepared by: Barbara Thornton with the capable assistance of Alex Bagnall, Pamela Hallett, Patrick Hanlon, Karen Kelleher, Steve Revilak and Jennifer Susse. As Arlington considers new zoning and other policy decisions to increase the amount of affordable housing in the town, a concern has been raised about the threat of greater costs to the Town’s ...
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Real Estate Transfer Tax Funds for Affordable Housing

The City of Somerville estimates that a 2% real estate transfer fee — with 1% paid by sellers and 1% paid by buyers, and that exempts owner-occupants (defined as persons residing in the property for at least two years) — could generate up to $6 million per year for affordable housing. The hotter the market, ...
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Three Prong Perspective on New Housing Development

Issues of supply, affordability, and equity all contribute to an ongoing housing crisis in Massachusetts. Among U.S. metro areas with knowledge-based industries, metro Boston ranks near the bottom in housing production and near the top on development costs. Due to the latter, production of new affordable housing units has scarcely increased over the past decade. ...
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New Housing Offers Fiscal Benefits to Communities

A study by Elise Rapoza and Michael Goodman shows that new housing construction in MA does not have an adverse affect on municipal or school budgets. And when it might, state funding covers the difference. This study contradicts the often heard argument against new housing development, especially multi-family housing, because it, the argument ...
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Communities Need Less Parking

Communities need fewer parking spaces for cars. In a 2019 study, MAPC found that: Three out of ten spaces sit empty during peak demand The key factors that drive parking demand are parking supply, transit accessibility and the percentage of deed-restricted units Continue reading
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