Bill > H359

This bill, titled "Relative to Creating Affordable Housing," proposes an amendment to Chapter 40B of the general laws, which is a state law designed to encourage the development of affordable housing. Specifically, it adds a new section, Section 20A, which mandates that any housing project built under the provisions of sections 20 to 23 of Chapter 40B must dedicate at least 40 percent of its total units to households with low or moderate incomes. "Low or moderate income households" refers to families or individuals whose income falls below certain thresholds set by state or federal guidelines, making housing more accessible to them. This provision aims to increase the proportion of affordable units within new housing developments that utilize the benefits offered by Chapter 40B, such as zoning flexibility.