A city official says Quincy will be in compliance with the state’s affordable housing requirement that at least 10 percent of housing must be affordable by 2018.
Patriot Ledger | By Patrick Ronan
October 17, 2016
A city official says at least 10 percent of Quincy’s housing stock will be affordable by 2018, putting the city in compliance with state law.
Robert Muollo, Jr., the city’s housing programs manager, told the city council Monday night that 225 new affordable housing units are in the pipeline for development over the next two years. This increase, Muollo says, will help put Quincy over the 10-percent threshold that’s required by state law.
Currently, only 9.6 percent of Quincy’s housing stock is designated as affordable, meaning they are restricted to residents who make less than 80 percent of the area’s median income. To be affordable, rent or mortgage payments can’t exceed 30 percent of the total income for qualifying residents. This equates to capped rents of $1,200 per month for a studio apartment and $1,450 per month for a two-bedroom apartment.
On Monday, the city council approved a new five-year housing production plan created by the Metropolitan Area Planning Council, a regional planning agency, in collaboration with the city’s planning department and based on feedback from the community. By approving the five-year plan, the city wants to show the state it’s trying to comply with the affordable-housing law, called Chapter 40B.
Quincy city councilors say new downtown plan needs affordable housing