We’re looking to grow our communities and there’s real opportunity here. It’s a smart investment with meaningful returns.
Envisioning a New Community
With the housing crisis being a major issue in the country right now and in Massachusetts, it was incredible news to hear of the history-making new multi-unit zoning law for the City of Cambridge.
What is the New Cambridge Zoning?
The new Inclusionary Zoning eliminates the former zoning law that only allowed for single-family homes to be built on lots in Cambridge neighborhoods.
Now, with this reform in place any lot in Cambridge can be developed into a 4-story apartment building without special approval, and with the caveat that a developer can build an additional two stories if 20% of the units are affordable. This change removes the many barriers for developers to build housing in Cambridge and increases the much-needed housing supply for those who want to live there.