Bill > S1024

This bill amends Chapter 40B of Massachusetts General Laws by adding a new section that requires all low or moderate income housing developed through comprehensive permits to remain affordable indefinitely. The term "comprehensive permit" refers to a special zoning permit that allows developers to build housing that might otherwise not comply with local zoning restrictions, typically to create more affordable housing options. By mandating that such housing "remain affordable in perpetuity," the bill ensures that these housing units will continue to be available at below-market rates for low and moderate-income residents, even after the initial construction and first sale. The legislation is set to take effect on July 1, 2026, giving municipalities and developers time to prepare for the new requirement. This approach aims to create a more sustainable and long-term solution to affordable housing challenges by preventing these specially permitted housing units from transitioning to market-rate properties over time.

Housing and Urban Affairs

https://malegislature.gov/Bills/194/S1024