Attainable Housing and Social Equity Initiative

City of Somerville, MA and LOCUS release results and next steps of program to balance economic growth and social equity in Union Square

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Today, the City of Somerville, MA, and LOCUS: Responsible Real Estate Developers and Investors publicly released the results of the progress made to date, as well as the next steps, in the Union Square Strategic Planning and Community Benefits process, a public-private partnership between LOCUS and the City.

The recommendations report identifies a series of priorities for ensuring that social equity goals are interwoven with development goals as the city’s Union Square neighborhood undergoes redevelopment centered around the planned MBTA Green Line light rail extension. Shared priorities including displacement prevention, affordable and attainable housing, jobs and workforce development, sustainability, open space, small businesses supports and more, are identified.

LOCUS

LOCUS announces new Attainable Housing and Social Equity Initiative Pilot Program

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Across the country, market demand for homes in walkable, downtown neighborhoods is driving up housing costs. How can communities capitalize on this demand and create great neighborhoods that are attainable and equitable for people of all income levels?

LOCUS’ new Attainable Housing and Social Equity Initiative (AHSEI) Pilot Program is a private sector, place-based approach designed to address this challenge, in partnership with the Center for Real Estate and Urban Analysis at the George Washington University (GWU) and funded by the Barr Foundation. As part of the Pilot Program, LOCUS will be selecting a number of U.S. cities to participate in strategies aimed at ensuring accessibility and social equity in great walkable urban places. The first of these cities is Somerville, MA, where our work kicked off at a public meeting in July.

LOCUS