Banker & Tradesman | Cambridge Councilors Back End of Single-Family Zoning

Aug 28, 2024

Cambridge’s potential elimination of single-family zoning attracted criticism from affordable housing advocates and preservationists alike before a city council subcommittee backed the landmark reform.

The proposal is designed to control housing costs by removing barriers to multifamily development. Year-to-date through July 30, the median single-family home price in Cambridge has nearly reached $2.2 million, up 21 percent from the previous year, according to data compiled by The Warren Group, publisher of Banker & Tradesman.

The Cambridge City Council’s zoning committee last week voted unanimously to support a final proposal compiled by City Hall staff, which allows 6-story multifamily dwellings in all zoning districts and eliminates minimum lot sizes. The final council vote could take place by the end of 2024, according to a timeline presented by city officials

Source: Cambridge Councilors Back End of Single-Family Zoning, Eye 5K New Homes – Banker & Tradesman

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