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Winchester Affordable Housing Trust Meeting Minutes 2026-05-05

AHT Negotiates Affordable Unit Agreement with Urban Spaces

$1,685,000 from the $2,000,000 Payment in Lieu required in the Special PermitTown of WinchesterURBAN SPACESMay 5, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Winchester Affordable Housing Trust is negotiating an MOU with Urban Spaces for the provision of three deed-restricted affordable units in lieu of $1,685,000 of a $2,000,000 payment requirement. If finalized, this replaces a cash payment with affordable housing units under EOHLC standards.

Contract Details

Contract Amount

$1,685,000 from the $2,000,000 Payment in Lieu required in the Special Permit

Vendor

URBAN SPACES

Agency

Town of Winchester, MA

Contract Type

OTHER

Document Date

May 5, 2026

Renewal Info

Proposed settlement terms; final execution pending ongoing negotiations and Planning Board review.

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