Word: cyr
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...along with the problem, Cyr has proposed a solution which he is touting as the first step toward an effective housing policy for Cambridge: creation of a so-called "land bank" to stockpile city property for future development. The plan, he says, is intended to "take the politics out" of affordable housing...
...Cambridge needs a housing policy, and this is one little piece of it," says Cyr. "This is a single piece in a complex process and we will get there slowly but surely...
...Under Cyr's proposal, the city would donate land to the Affordable Housing Trust Board, which would work with neighborhood groups to solicit proposals from developers and decide what type of housing is to be built. Currently the board can only allocate tax money from commercial development, which is used to give "stopgap" loans to developers working on low-income housing projects...
...Cyr says that even if the city lacks the money and other resources it needs now, it is important to get the land bank in place so as to take advantage of the situation when they it become available...
...will situate ourselves at the starting block so when the money comes we will be ready," says Cyr...