The Planning Board will hold a Special Workshop Tuesday, February 16, 2021 at 7:00 p.m. to discuss Town Center Affordable Housing Amendments. During the February 8 Town Council meeting, the council voted to refer to the Planning Board amendments to the Town Center district proposed with a new multi-family development at Ocean House Commons [see article]. The development proposes 49 one-bedroom rental apartments: 10 at market rate and 39 affordable (up to 60% of area median income estimated at up to $42,000 per year). Current zoning precludes the project from being built. The Planning Board will review proposed amendments relating to height, building footprint, and commercial space.
The approved motion states that the amendments "should preserve Town Center requirements to the extent feasible while also permitting an affordable housing project that provides substantial public benefit. Recommended amendments should be returned to the Town Council by April 30, 2021. In addition, staff is directed to develop TIF District and Shared Parking proposals to be completed by May 1, 2021 for Town Council consideration.
The Planning Board will consider the proposed amendments in conjunction with the 2019 Comprehensive Plan and recommendations therein.