2024 Housing Institute conference materials HERE

Municipality's Ongoing Role

The majority of the municipality’s responsibilities for an affordable housing development they initiated happen during predevelopment and disposition of the land. Once the land is transferred to a developer/owner, municipal officials no longer have a key role in the development.

However, a municipality should be keeping track of the expiration date of restrictions on affordable properties in the community. Whether it is a deed restriction or a long-term lease, losing track of when a development’s affordability restrictions are scheduled to end could mean the loss of valuable affordable units within the community. With enough warning, the community can initiate a process to maintain the affordability of expiring use properties.

You can find out when affordable units in your community are set to expire by visiting the Expiring Use Properties database maintained by the Community and Economic Development Assistance Corporation (CEDAC).