Development News for Stoneham, Massachusetts

Stoneham Planning Board Approves Fee in Lieu for Affordable Housing at 290 Main Street

The Stoneham Planning Board reconsidered a previous vote regarding a special permit for Lily Oak Hill LLC at 290 Main Street. The initial approval required four votes, and the previous vote of 3-2 was insufficient. The board voted to reconsider the matter, with discussion focusing on the applicant's request to pay a fee in lieu of providing three affordable units. The board ultimately voted to approve the fee in lieu payment, totaling $447,300, with 10% due upon application for a building permit and the remainder paid according to specific bylaw provisions related to occupancy permits. The board also acknowledged the need for further discussion on affordable housing strategies and potential legislative changes.