summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation relative to reforming the housing development incentive program. Housing.
AI Summary
This bill seeks to reform the housing development incentive program in Massachusetts. The key provisions are:
1) It requires that at least 20% of the housing units developed under the program be affordable, either as rental units for individuals with incomes up to 50% of the area median income or as owner-occupied units for individuals with incomes up to 80% of the area median income.
2) It amends the existing law to specify that the program must provide incentives for both market-rate and affordable housing units.
3) It requires that the program track and report on both market-rate and affordable housing units developed through the incentives.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Accompanied a study order, see H5035 (on 09/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/S863 |
| BillText | https://malegislature.gov/Bills/193/S863.pdf |
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