Bill > H4252

This bill updates the linkage exaction program in the city of Medford by modifying an existing law from 1989. A linkage exaction is a fee or contribution required from developers when they build new projects, typically used to fund community development or affordable housing. The bill changes the provisions for reviewing and adjusting these exactions by mandating that the level of exactions must be reviewed at least every 10 years, with recommendations coming from the office of community development and the mayor. Between these comprehensive reviews, the exaction amounts can be periodically adjusted based on changes in the Consumer Price Index (CPI), which is a standard measure of inflation published by the U.S. Bureau of Labor Statistics. This approach allows the city to ensure that development fees remain appropriate and keep pace with economic changes without requiring a full review each time a minor adjustment is needed.

Government Affairs

https://malegislature.gov/Bills/194/H4252