Bill > H313

This bill amends Chapter 40R of Massachusetts General Laws to modify zoning incentive and bonus payment structures for municipalities that establish smart growth or starter home zoning districts. Specifically, the bill creates a tiered zoning incentive payment schedule where cities and towns receive financial compensation based on the projected number of new housing units: payments range from $20,000 for up to 20 units to $1,200,000 for 501 or more units. Additionally, the bill establishes a one-time density bonus and production bonus payment of $6,000 per new housing unit created in smart growth and starter home zoning districts, respectively. These payments will be made from the state trust fund or other authorized appropriations, contingent upon department approval of the zoning district and upon the municipality providing proof of building permits for new housing units. The goal of this legislation appears to be encouraging municipalities to adopt zoning policies that promote affordable housing development and smart urban growth by providing financial incentives for creating new housing units in designated districts.

Business and Industry

https://malegislature.gov/Bills/194/H313