November 14, 2024 Top News Story for Lynn, Massachusetts

A new report by the MassINC Policy Center highlights the urgent need for housing in Massachusetts’ Gateway Cities, including Lynn. The report finds that these cities need 83,000 new homes and apartments over the next decade to address the state’s housing crisis. The study suggests that cities should loosen zoning restrictions and offer more subsidies to developers to increase the housing supply. The shortage has led to high costs, with over half of Gateway City residents being cost-burdened, paying more than 30% of their income on rent.