Facts about the Existing Zoning versus the MBTA Zoning

1. It’s a bit incorrect to say that Osgood Landing is zoned for residential under the 40R (Zoning for Mixed Use, Affordable Housing with Developer and State Incentives).  Only a portion, 31 acres, is residential under the 40R zoning – see pink area below.  

It was always intended to keep the vast majority commercial for the tax base.  The new residential zone would increase to 57 acres, almost double! 

2. The town received $600,000 in zoning incentive payments which may need to be repaid if the site is not developed as a 40R.

3. The owner has a right to develop 530 units in the residential and mixed-use under the 40R zoning.  The new MBTA Zoning would allow up to 865 units!

4. The Town would receive $2,000 per unit ($1,060,000) and $1,590,000 in bonus money from the state under the 40R and ZERO under the MBTA Zoning. We would lose up to $3,250,000 by not developing under the 40R!!! 

5. The MBTA Zoning REDUCES the number of affordable housing units required under the 40R! The 40R would be 20-25% affordable units and 70% local preference! 

6. The units built under the 40R development agreement would meet our 40B affordable housing requirements through 2030! 

7. This MBTA Zoning change would allow a high density by-right development.  A developer, unlike Royal Crest, wouldn't need to bring their plans to the Legislative Body which is Town Meeting.  The Planning Board can not deny a proposal if it complies with this zoning.  

This is the ONLY VOTE we get.  We are voting NOW on the future development.

We should leave the 40R zoning with all the incentives and development agreement in place and not put $3 million at risk! 

We can comply with the State Mandate by zoning over existing multi-family housing locations. Many other communities have done this to comply. 

The current area of residential zoning 40R zoning is in pink.  Mixed use in green. Blue commercial.  The MBTA zoning would EXPAND the residential into the blue area and not require mixed use in the green area.   The cross hatched area in blue and green expands the residential zoning by approximately 26 acres.