Local Developer Plans 189-Unit Apartment Complex With Affordable Units in Old Lyme

The state’s affordable housing statute allows developers to largely bypass local zoning approvals in towns where less than 10 percent of the housing stock qualifies as affordable. According to the 2022 Housing Appeals List, 1.57 percent of Old Lyme’s housing stock meets state rules of affordability. Diebolt, engineer Seamus Moran and investors from Port One Companies presented the outlines of the proposal to the Planning Commission during an informal discussion on Thursday, in part to secure the commission’s approval to subdivide the two existing lots into six lots to fulfill state septic requirements. Bartash said the construction is planned for two phases over a two or three year period, first with 60 units closer to the Hatchetts Hill Road entrance, followed by 129 units in the second phase built toward the back of the parcel.

https://ctexaminer.com/2023/09/15/local-developer-outlines-189-unit-affordable-housing-project-in-old-lyme/

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