(To read more on the multifamily market, click here.)
BOSTON-Developers of affordable housing projects won a courtvictory when the state's highest court ruled that neighbors can'tstop a development based solely on claims that the project wouldlower property values. The Supreme Judicial Court rejected claimsby Andover residents who said their home values would drop if afour-story apartment project containing affordable units wasallowed to be built near a neighborhood of single-family homes.
Andover residents filed suit to stop the construction of afour-story apartment complex in which 25% of the units wereearmarked as affordable. They claimed the project would force theirproperty values to drop.
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