The Town of Concord continues to make a strong commitment and investment to affordable housing. Of the 6,852 units of total year-round housing units in the town (from the 2010 Census), there are 804, or 11.73% that are counted as ‘affordable’ on the State’s Subsidized Housing Inventory (SHI) (see more here -http://www.mass.gov/hed/community/40b-plan/ ). The Town, through its Board of Selectmen, has supported many of these developments.
Most (753 units or 94%) of this housing are rental units, but there are also 51 ownership units. There are generally units in the pipeline which are added when they become available. Concord also has 19 deed restricted ownership units as part of its local program. For rental housing, the town is able to ‘count’ all the units in the development as long as at least 20% meet the requirements from the State. Concord surpasses that minimum rental requirement though, with 53% of its rental units available under the affordable housing programs. The Concord Housing Authority owns and manages 134 units of housing for families, seniors and persons with disabilities in Concord.
When a new census takes place in 2020, Concord's total year-round units will be re-calculated. The percentage of units that are counted as affordable on the State's SHI will therefore change. Click to view Concord's SHI 2020 projections.