38 units to be considered ‘affordable’ 

By Theresa Knapp 

On Jan. 16 at 6:35 p.m., the Milford Zoning Board of Appeals will hold a continued public hearing on the application of The Gutierrez Company of Burlington for a Comprehensive Permit related to Chapter 40B in relation to an approximately 25-acre parcel of land at 400 Deer Street, known as “The Residences at Stone Ridge - Summit.” 

The applicant proposes to build a 150-unit rental apartment development with “not less than 37 of the units to be restricted as affordable for low-moderate income persons.” 

“The proposal consists of 150 studio, one-, two-, and three-bedroom residential units in one 5-story building. All of the units are rental units, with 38 of the units designated as affordable,” according to Planning Board documents. 

The Business Park development is off Route 85/Cedar Street, north of I-495. This is the third and final phase of the 80-acre “Stone Ridge” 40B complex. 

Massachusetts General Laws Chapter 40B requires each community in the state have a minimum of 10% of its housing stock be “affordable,” meaning households pay less than 30% of their monthly income as rent. Milford affordable housing stock is currently at 9.5%. 

For more information regarding the project, visit www.milfordma.gov/501/The-Summit or www.milfordma.gov/498/The-Residences-at-Stone-Ridge-Phase-III. 

Source: www.milfordma.gov