Bill > S703

This bill amends Section 20 of Chapter 40B of the Massachusetts General Laws, which deals with affordable housing initiatives. Specifically, it removes the existing definition of "low or moderate income housing" and replaces it with a new definition. The new definition clarifies that "low or moderate income housing" refers to any housing that receives financial assistance from the federal, state, or local government through programs designed to support the construction of such housing, regardless of whether it is built or managed by a public entity, a nonprofit organization, or a limited dividend organization. This change aims to broaden the scope of what qualifies as subsidized housing under Chapter 40B.