News & Event
By JACKIE ROMAN, Valley Breeze & Observer Staff Writer
SCITUATE – Dennis Charland, Scituate Zoning Board of Review vice chairman, opened last Tuesday’s public hearing on the Paramount Development Group’s requested variances and special use permit with the statement that the company’s plan for the Hope Mill “will have a dramatic impact on the future of Hope.”
The mill on Main Street was originally built in the 1800s and at one time fueled the local economy, but in the years following mass production and globalization, it was slowly boarded up and then vacated in 2006.
The mill sits in the heart of Scituate, both geographically and culturally.
To view the complete article, visit The Valley Breeze
Courtesy of The Valley Breeze
Posted:Mar 5, 2018 at 12:00 PM
Updated:Mar 5, 2018 at 8:29 PM
The R.I. Supreme Court will hear arguments Tuesday from one developer who says his efforts to redevelop the historic Scituate site date to 2002. In the other case, Paramount Development Group calls a zoning board denial of its $52M plan “a transparent attempt to prevent development and affordable housing in the town of Scituate,” a charge the town denies.
PROVIDENCE, R.I. — The Town of Scituate is involved in legal disputes with two would-be developers of the historic Hope Mill, and one case will go before the state Supreme Court on Tuesday.
In the other case, Paramount Development Group of Massachusetts is appealing a Scituate Zoning Board denial of its $52-million plan to build 193 residential units on the 38-acre site, at 1 Main Street in the Hope Village Historic District. Paramount’s Superior Court complaint calls the zoning board denial “a transparent attempt to prevent the development and affordable housing in the town of Scituate,” a charge the town has denied.
Paramount’s plan called for 118 of the 193 units to be affordable. Less than 1 percent of Scituate’s housing stock is affordable, according to the 2017 Factbook by HousingWorks RI at Roger Williams University. Only Little Compton is further away from meeting the state mandate of having at least 10 percent of the housing stock deemed affordable.
In the first case, Vincent R. Coccoli Sr., has appealed a 2016 decision by Superior Court Justice Michael A. Silverstein rejecting his $22-million lawsuit against the town. The state Supreme Court is scheduled to hear arguments on March 6.
To view the complete article, visit Providence Journal
Courtesy of Providence Journal
By NICOLE DOTZENROD, Valley Breeze Staff Writer
LINCOLN – In the words of landowner John Cullen, “the odyssey has ended.”
On April 23, the Rhode Island State Housing Board of Appeals vacated the town of Lincoln’s denial of Cullen’s long-awaited Whipple-Cullen Farm Affordable Senior Development.
The Lincoln Planning Board previously denied the conceptual plan in June 2016, with its six members divided on whether the number of units was too many.
While the original proposal included 200 units, the number was brought down to 158, according to Town Planner Al Ranaldi.
Posted By: Ahmad Abu-Khalaf
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Courtesy of Enterprise
Boston– October 30, 2017 – Santander US CEO Scott Powell today announced Santander’s “Inclusive Communities” plan, Santander Bank’s new $11 billion, agreement with the National Community Reinvestment Coalition (NCRC) to increase lending, community development, and charitable giving. The plan outlines Santander’s commitment to communities across its eight-state northeastern U.S. footprint for 2017 through 2021, during which time Santander will increase its Community Reinvestment Act (CRA) activity by 50 percent and triple its investment in charitable grants.
Over the next five years, Santander will provide:
- $4.2 billion in residential mortgage loans for low- to moderate income families
- $1.9 billion in small business lending
- $3 billion in community development lending
“This plan is the foundation of Santander’s approach to supporting the communities where we live and work,” said Powell, CEO of Santander US, the Bank’s U.S. holding company. “We recognize that Santander’s success is directly linked to the prosperity of our communities’ families, businesses and neighborhoods. By increasing lending, investments and financial education opportunities, we hope to boost the long-term economic success of low- and moderate-income individuals and neighborhoods.”
Powell announced “Inclusive Communities” at a meeting this morning in downtown Boston where he was joined by officials from the City of Boston, other public officials, and National Community Reinvestment Coalition (NCRC) President and CEO John Taylor.
"This is a good day for people in New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Delaware and my home state of Massachusetts,” said John Taylor, NCRC President and CEO. I want to applaud Santander for committing 11 billion in investments for underserved neighborhoods over the next five years. Santander’s leadership showed a special dedication to working with community leaders and better understanding the credit needs in the areas they serve. We are very pleased that this commitment, and especially the 10 new bank branches, will help individuals build wealth and neighborhoods build their economies."
“Inclusive Communities” was developed with significant input from and collaboration with more than 100 community-based organizations throughout the Bank’s footprint. Supported and facilitated by the NCRC, an extensive ten-month long process helped identify emerging community needs and strategies aimed at addressing the challenges faced by underserved communities in Santander’s key markets.
Read a in depth summary of Santander's "Inclusive Communities" agreement here
In addition to the Bank’s financial commitments, Santander is establishing a national Community Advisory Board (CAB) comprising representatives of not-for-profit community development organizations and financial inclusion advocates, as well as community development policy organizations, and representatives of local or state economic development or housing agencies. Members of the CAB are:
The Bank is also establishing statewide/regional advisory boards in its footprint to ensure ongoing community input and will be enhancing its current Community Development and CRA teams with the addition of 17 new positions in the coming years.
Local leaders applaud the agreement:
"ANHD applauds Santander for creating this new CRA plan. They listened to over 100 community based organizations to create a plan that is reflective of community needs throughout the bank's footprint, including New York City. We also appreciate the creation of national and regional community advisory boards, which put the structure in place to implement, monitor, and adjust the plan to ensure it has the greatest impact. We look forward to working with the bank to put this plan into action,” Benjamin Dulchin, Executive Director, Association for Neighborhood and Housing Development.
“New Jersey Citizen Action has had a longtime partnership with Santander Bank and its predecessor, Sovereign Bank. The bank's $11 billion commitment in mortgages, small business loans and community development lending will provide loans, access to capital and affordable housing for thousands of New Jerseyeans. I look forward to serving on the bank's National Community Advisory Board and working with Santander to ensuring that these dollars are reinvested in our communities,” Phyllis Salowe-Kaye, Executive Director, New Jersey Citizen Action.
“The effort behind this plan will ensure that those who live and operate businesses in developing neighborhoods can benefit, including immigrants and communities of color,” John Chin, Executive Director, Philadelphia Chinatown Development Corporation.
“As a leading Center for Independent Living for People with Disabilities in the greater Philadelphia Area, we applaud Santander's commitment to the community and our desire to increase affordable and accessible housing opportunities for the many Seniors and People with Disabilities who we serve throughout the region,” Thomas H. Earle, Esquire, Chief Executive Officer, Liberty Resources, Inc.
"Santander has had a long and impactful presence in the Greater Reading community. We look forward to continue working with Santander Bank and its team members in implementing this comprehensive plan, particularly in downtown Reading, where they have a large workforce and occupy almost 1/4 million sf of office space, in addition to having its name on the Santander Arena & the Santander Performing Arts Center," Edward Swoyer, President, Greater Berks Development Fund.
“This is an exciting and groundbreaking agreement that will improve our communities and transform lives. It demonstrates that banks and the communities they serve can thrive together when they work together. We congratulate Santander, NCRC, and the dozens of community based groups who worked so hard to make this happen,” Joseph Kriesberg, President & CEO, Mass. Association of Community Development Corporations.
“We believe this agreement with Santander Bank will go a long way in helping LMI communities in Waterbury CT. It provides a framework and capital for the hard-working people of the Northend section of town to rebuild a vibrant community,” Pastor Rodney Wade, President, Concerned Black Clergy Council of Waterbury.
“The Community Reinvestment Act is an important tool that empowers people in many ways. For example, the act can be used to conduct community development. As far as I am concerned, it protects LMI communities from senseless crime and violence,” Angela Mciver, Chief Executive Officer, Fair Husing Rights Center in Southeastern Pensylvania.
“This was a unique opportunity to work with fellow community organizations to determine priority needs and where we want Santander to direct their resources to help address those needs. It was also an opportunity for Santander to gain a better understanding of their community responsibility and measures needed to implement in the future. Represented organizations put a great deal of time and care into this process to ensure fairness and optimize outcomes for the communities we serve,” Majeedah Rashid, Chief Operating Officer, Nicetown Community Development Corporation.
"MAHA looks forward to continuing our partnership with Santander in reaching low- and moderate-income first-time homebuyers as we both seek to close the large racial wealth gap in Massachusetts", Symone Crawford, board president, Massachusetts Affordable Housing Alliance.
"Obviously, Home Ownership is the foundation upon which strong, thriving communities are based. We welcome the proactive steps being taken by Santander and we look forward to many years of success. Together, we can be the change that our communities need - one house at a time, one block at a time, one neighborhood at a time..." Stephen T. Gieringer, Executive Director, Neighborhood Housing Services of Greater Berks, Inc.
Partners in the Community Benefits Agreement:
Santander Bank, N.A. is one of the country’s largest retail and commercial banks with more than $79 billion in assets. With its corporate offices in Boston, the Bank’s 9,700 employees, more than 650 branches, 2,100 ATMs and 2.1 million customers are principally located in Massachusetts, New Hampshire, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania and Delaware. The Bank is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) - one of the most respected banking groups in the world with more than 125 million customers in the U.S., Europe, and Latin America. It is managed by Santander Holdings USA, Inc., Banco Santander’s intermediate holding company in the U.S. For more information on Santander Bank, please visit www.santanderbank.com.
Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), one of the most respected banking groups in the world with more than 125 million customers in the U.K., Europe, Latin America and the U.S. As the intermediate holding company for Santander’s U.S. businesses, SHUSA includes six financial companies with more than 17,500 employees, 5.2 million customers and assets of over $135 billion. These include Santander Bank, N.A., one of the country’s largest retail and commercial banks by deposits; Santander ConsumerUSA Holdings, Inc. (NYSE: SC), an auto finance and consumer lending company; Banco Santander International of Miami; Banco Santander Puerto Rico;Santander Securities LLC of Boston; and Santander Investment Securities Inc. of New York.
LINCOLN – A proposal for a 28-unit condominium development at the former Highridge Swim and Tennis Club will be heard by the town’s Planning Board after the Technical Review Committee gave it a thumbs up this week.
That project, called “The Village at Albion,” was one of five developments the TRC recommended for approval on Tuesday ahead of the July 24 planning meeting.
The attorney for the project at 192 Old River Road, Joseph Shekarchi, said the developer feels the project across from Kirkbrae Country Club is “a nice fit for the area” and that it’s consistent with the town’s comprehensive plan. Proposed are one-level condos with two-car garages.
LINCOLN – The “Lincoln Lofts,” proposed to transform the former Sayles Mill building off Walker Street into apartments, moved forward in the planning process Tuesday night after the Lincoln Zoning Board agreed to grant parking relief to the project.
The developer, Dakota Partners of Waltham, Mass., came before the Zoning Board to apply for dimensional variance for parking relief to renovate the former factory building at 90 Industrial Circle into 45 units of affordable housing. Lincoln’s Technical Review Committee members recently called the mill complex “the Wild West for parking,” but recommended the approval of the application on the basis that the proposed ratio of 1.67 parking spaces per unit, or 75 spaces total, would be enough to accommodate the needs of future residents.
Under the town’s current regulations, 45 units of housing would require 90 parking spaces. The Zoning Board approved the developer’s application for a parking variance, bringing the required number of parking spaces down to 75 total, or 1.67 spaces per unit, due to lack of space for additional parking on the property.
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