Mark Borenstein Quoted in Worcester Business Journal’s “Developers seeking to build apartments in Worcester now must comply with inclusionary zoning”
On May 9, Worcester’s inclusionary zoning policy was voted into an ordinance, requiring new zoning applications for multifamily apartment developments to adhere to the ordinance. Mark Borenstein spoke with the Worcester Business Journal about the ordinance:
Applications filed prior to Tuesday will not be subject to the ordinance provided the project is permitted within six months of filing, said Mark Borenstein, a land-use and real estate attorney and partner with Worcester law firm Bowditch & Dewey.
The amendment applies to new construction, adaptive reuse projects, and expansion of an existing structure adding 12 or more dwelling units. Developers will use one of two predetermined formulas to calculate how many dwelling units will be reserved for affordable housing.
Continue reading “Developers seeking to build apartments in Worcester now must comply with inclusionary zoning” on the Worcester Business Journal website.