Bill > S2827

This bill updates the zoning incentive and bonus payment structure for Massachusetts cities and towns that adopt smart growth or starter home zoning districts. Under the proposed changes, communities would receive escalating zoning incentive payments based on projected new housing units, ranging from $20,000 for up to 20 units to $1,200,000 for 501 or more units. Additionally, cities and towns would receive a one-time density bonus payment of $6,000 per new housing unit created in these districts, with potential for up to 50% of this payment to be allocated to for-profit developers. The bill also requires the executive office of housing and livable communities to review these incentive payments periodically to ensure they remain consistent with housing costs as measured by the Consumer Price Index. The new payment structure and review process would take effect for tax years beginning on or after January 1, 2027, with implementing regulations to be established by December 31, 2027. This legislation aims to encourage municipalities to develop more housing through smart growth and starter home zoning by providing financial incentives for new housing unit construction.

Budget and Finance

Joint Committee on Housing (Joint)

https://malegislature.gov/Bills/194/S2827