News

Viewpoint: The Real Housing Crisis is Affordability

HCA Option C simply adds to the volume of new units, 90% at market rate
March 12, 2024
By Gail O'Keefe


The HCA zoning decision looming is based on an assumption that we have a housing crisis in Massachusetts. Politicians have linked development to diversity, claiming all towns must help the state in the housing struggle. However, in looking at recent building data from local cities and towns, it seems very likely that the housing crisis is really an affordability crisis, with housing being built that is too expensive for those needing affordable housing.

Earlier this month the Boston Globe reported on the housing boom in Everett — 1,600 new units under construction now, with a total increase of 16% added to their housing stock over the past few years. Only 5% of those units are “affordable” housing, leaving us to question how these units will offset the housing needs facing families.

On Zillow today, over 1,000 housing units are available for rent (and ~100 for sale) in Cambridge; Boston has over 8,000 available for rent, (~1,000 for sale). An additional 800 for rent in Somerville, with 75 for sale. In Waltham, many are available; a brand-new one bedroom will cost you only $2,700/month. In Lexington, 30 rentals, mostly one- and two-bedroom available. Price range: $2,500- $5,000 per month. And here in Lincoln in mid-March, there are still five units available at Oriole Landing, as well as a few houses.

Clearly, supply is plentiful. Market-rate housing units are available, with hundreds more being built right now all around Boston.

The zoning changes under the HCA has buoyed developers, so the future will see a surge in housing stock. 

HCA Option C simply adds to the volume of new units, 90% at market rate. What happens if we rush to build, alongside all the other MBTA-adjacent towns, and end up with vacant residential units while losing our retail in the deal? One of the state’s goals with the HCA is economic growth for developers. Is that a goal of Lincoln as well? If not, let’s make the zoning more attractive to townspeople rather than RLF “more attractive to developers.”

Lincoln’s planning board and the RLF have presented Option C as the only choice, yet other options were not fully presented to the town in the fall. We needn’t give up on affordability and diversity, and should not jeopardize our small but critical retail space. We only need to submit a plan by the end of 2024! There is plenty of time to come to a plan that aligns with the values and goals of our town.

Click here to read more about affordability in Lincoln.