Developers seek tax breaks for Framingham projects

Wicked Local Framingham | By Jim Haddadin
January 4, 2017

FRAMINGHAM – After tweaking the town’s zoning rules to entice new development downtown, residents will be asked next month to grant subsidies to the first pair of major housing projects planned for Framingham’s central business district.

Selectmen on Tuesday voted to call a special Town Meeting in February, during which residents will consider requests for tax breaks worth more than $9.1 million for luxury apartment projects on Concord and Waverly streets.

Together, the buildings promise to bring more than 460 units of housing within half mile of Framingham’s downtown commuter rail stop. If the projects are successful, town officials say they could also be a catalyst for further investments downtown.

“It’s important to think of those [projects] as early movers, or first movers, in a market that is untested,” said Arthur Robert, Framingham’s economic development director.

Hoping to spur new investments centered around the commuter rail, residents in 2015 approved changes to the town’s zoning bylaws that allow multi-family residential projects downtown and ease other restrictions on height and density.

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