Bill > H1560

This bill establishes a comprehensive housing production goal for Massachusetts, aiming to create 400,000 new housing units by 2040, with specific targets for affordable housing. The legislation sets a goal of producing 80,000 affordable housing units for households earning less than 80% of the Area Median Income (AMI), including 20,000 units for households earning less than 60% AMI and 20,000 supportive housing units for households earning less than 30% AMI. The secretary of housing and liveable communities will be required to submit an annual report to legislative bodies detailing progress toward these goals, which must include a breakdown of housing units by type, including market-rate units, units accessible to persons with disabilities, housing for individuals over 55, and affordable housing at various income levels. Additionally, the report must include information on residential properties purchased by foreign buyers and data on short-term rentals, as mandated by a previous legislative act. This bill represents a significant effort to address housing needs and affordability in Massachusetts by setting clear, measurable targets for housing production across different income levels.

Budget and Finance, Housing and Urban Affairs

https://malegislature.gov/Bills/194/H1560