Bill > H237

This bill aims to increase housing production in Massachusetts by making changes to the state's Chapter 40R "smart growth" housing program. The key provisions include: increasing the maximum amounts for incentive payments to municipalities that adopt 40R districts; increasing the per-unit payment for residential development in 40R districts; requiring an analysis of the 40R incentive payments to ensure they are consistent with housing costs; increasing the state tax credit for renters with low to moderate incomes; and creating a new state tax credit for owners of unsubsidized rental properties that charge rents below the HUD "High HOME Rent" level. The bill also includes a provision to sunset the increased 40R incentive payments after 10 years.