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Thursday, February 8, 2007

Questions prompt audit of affordable housing projects


In the wake of a state investigation of Chapter 40B housing projects, Town Manager Dan Morgado said the town would conduct an audit of Avalon Bay's 264-apartment affordable housing project on Route 20.

Avalon was not named in the investigation, which found that several builders in Acton, Berkley, and Reading exceeded the state's 20 percent profit limit set by Chapter 40B law.

"This is something that local municipalities have been talking about for years," Morgado wrote in an email.

--Megan Woolhouse

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