The Town of Lexington continues to make a commitment and investment to affordable housing. Of the 11,946 units of total year-round housing units in the town (from the 2010 Census), there are 1,327, or 11.11% that are counted as ‘affordable’ on the State’s Subsidized Housing Inventory (the state resources provide more infromation-http://www.mass.gov/hed/community/40b-plan/ ). The Town, through its Board of Selectmen, has supported many of these developments.
Nearly all (1,297 units or 98%) of the SHI housing are rental units, but there are also 30 ownership units. There are generally units in the pipeline which are added when they become available. Lexington also has 60 deed restricted ownership units as part of its moderate income local program, and 46 units of restricted moderate income rental housing.
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. Lexington surpasses that minimum rental requirement though, with 49% of its rental units available under the affordable housing programs. The Lexington Housing Authority owns and manages 257 units of housing for families, seniors and persons with disabilities in Lexington.