Bill > H1358

This bill aims to increase access and financing for smart growth developments. The key provisions include: 1. Changing the word "shall" to "may" in certain sections of Chapter 40R of the General Laws, which governs smart growth zoning districts, giving municipalities more flexibility in their implementation. 2. Increasing the maximum amounts of financial assistance available to municipalities for smart growth developments, including raising the limits for zoning incentive payments, density bonus payments, and the total amount of financial assistance that can be provided. 3. Establishing a new "transit-oriented-development bonus payment" of $3,000 per housing unit for municipalities that create new housing units within half a mile of a transit stop, to be paid from the state's trust fund or other appropriated funds. Overall, the bill is intended to facilitate and incentivize the development of smart growth and transit-oriented projects at the local level by providing more flexibility and increased financial support from the state.

Housing and Urban Affairs

https://malegislature.gov/Bills/193/H1358