This is a shoutout to all my Somervillians. These are some useful words from Katie Gradowski.
Affordable Housing in Somerville
The Board of Aldermen is considering an important zoning amendment that would raise the percentage of inclusionary zoning (i.e. affordable housing) to 20% in developments over six units.
In December 2015, members of AHOC (Affordable Housing Organizing Committee) submitted a petition to change the inclusionary zoning percentages ahead of the comprehensive zoning overhaul. The current IZ rate is12.5% — for every new building with 8 or more units, 12.5% needs to be designated as affordable housing. AHOC’s proposal would raise the percentage to 20% while lowering the number of triggering units to 6 – meaning that small developments would *also* have to meet these targets, which they currently don’t have to do.
At last Tuesday’s BOA meeting, RKG Associates suggested that the value of the discount for one affordable unit in a 7-unit building is around $170,000 at a 13.39% rate of return. We’re not asking developers to go broke. We’re asking them to take a small percentage of their profits and reinvest in this community. If we can do it, why can’t they?
Why it Matters
We are a data-driven city — and right now, the City of Somerville has data that suggests that upwards of 70% of renters living in this city can’t afford current market rates. The going rate for a 2 bedroom apartment in Somerville is $2500; in a new building, it’s upwards of $3500. Those are astonishing figures! Increasingly, Parts and Crafts families and staff are having to leave the city because they simply can’t afford to rent here. We don’t want to close up and move shop, which is why we’re asking for your help! If you support affordable housing, now is the time to speak up and make your opinion known.
Loss of Commercial Space
We are losing commercial space at an unprecedented rate, and it’s going primarily small-scale condo development, precisely the type of small investor the Planning Department would seek to protect by holding off on 20%. Many commercial tenants are having a hard time renewing leases or getting basic maintenance done. Others can’t find space at all, as buildings they might otherwise occupy are being replaced by high-end condos. If preserving small-scale affordable art spaces is important to you, now is the time to say so!
Call to Action
Contact Your Alderperson
Reach out to your Alderperson!
Alderpeople at Large
- Bill White (Alderman at Large) firstname.lastname@example.org
- Dennis Sullivan (Alderman at Large) email@example.com
- Mary Jo Rossetti (Alderman at Large) MJRossetti@
- John Connolly (Alderman at Large) firstname.lastname@example.org
To find out who your ward’s alderperson is, check the City of Somerville’s website!
- There is a pressing need for workforce housing in the city. I am concerned that without real action on housing affordability many will be priced out of Somerville and will be forced to look further afield. Many residents of Somerville are eligible for affordable housing and cannot afford to rent at current rates, which are upwards of $2500 a month for a two-bedroom apartment. Many families have already left the city, and and small businesses are being forced to reevaluate the viability of remaining in Somerville.
- I am alarmed by the rate at which commercial space in and around Union Square is being replaced by high-end luxury development. Tenants within the arts community are having difficulty renewing leases and getting basic maintenance done on work, studio, and community spaces. In many cases, landlords are explicit about their desire to turn over buildings and redevelop as condominiums. New spaces are few and far between; First floor retail space is quoted at $335,000 for 400 square feet. We are reaching a point where soon there will be no buildings left.
- To date, the conversation has not taken into account the pressing needs of the arts and small business community, many of whom are directly threatened by the kind of small-scale development that the planning board’s recommendations would seek to preserve. Beyond the number of affordable units created by this proposal, there are clear reasons to push for 20% as a check on the housing market, and whatever losses small-scale developers will incur will be minimal compared to the value of keeping businesses, non-profits, and community organizations in place.