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'Working against each other;' Council calls on ZBA to require perpetuity on 40B projects - Vimarsana News

'Working against each other;' Council calls on ZBA to require perpetuity on 40B projects

PEABODY — City councilors are calling on the city’s zoning board to require all 40B developments to provide affordable units in perpetuity, rather than a minimum of 30 years as

A developer proposed housing in Peabody. To stop it, the city bought the land. - Vimarsana News

A developer proposed housing in Peabody. To stop it, the city bought the land.

The city will pay $7.2 million for the 80-acre parcel, with plans to maintain it as an open space, instead of allowing a large-scale housing development to move forward.

Source: boston.com