Bill > H1082

This bill, relative to the designation of rental housing, proposes to amend Section 3 of Chapter 23B of the General Laws by adding a new subsection that requires the department of housing and community development to classify qualifying senior housing as either rental housing or home ownership housing. This designation will be determined by whether the title to the property passes to the resident; if title does not pass, it will be considered rental housing, and if title does pass, it will be considered home ownership housing. This classification is important for determining a city or town's compliance with local needs requirements under section 20 of chapter 40B, as the department will credit the municipality with the appropriate number of affordable housing units based on this designation. The bill also mandates that the department will create regulations to put these changes into effect.