Housing Trust reviews inclusionary zoning ordinance updates
Housing Trust Fund reviewed proposed zoning changes that would reduce minimum affordable unit percentages and raise income thresholds.
Affordable Housing Trust Fund · Meeting of June 17, 2026
MALDEN — Housing Trust Fund reviewed proposed zoning changes that would reduce minimum affordable unit percentages and raise income thresholds. Mayor Gary Christenson emphasized identifying new projects to utilize the trust's recent $500,000 Community Preservation Act allocation, the highest CPA award to date. The trust reported a balance of $2,057,289.62 with $1,122,791.63 committed but unspent across development projects, earning $5,140 monthly in interest.
Development progress included 213 Main Street advancing toward August Planning Board approval and 272-274 Cross Street nearing completion with four of five units sold to income-eligible first-time homebuyers.
In the full story:
- The complete report — 311 words
Source: the Affordable Housing Trust Fund meeting of June 17, 2026, compiled from the official minutes.
Checked against the official minutes. It was corrected where it differed.
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