Bill > H652

This bill aims to promote local and regional affordable housing planning. The key provisions are: 1. It amends the definition of "consistent with local needs" under Chapter 40B to include any housing that has been allocated pursuant to a housing credit allocation agreement between municipalities. 2. It adds definitions for "subsidized housing inventory" and "limited dividend organization" to Chapter 40B. 3. It amends the definition of "low or moderate income housing" in Chapter 40B to clarify the eligibility criteria. 4. It establishes a process for municipalities to create "Regional Housing Planning Districts" to coordinate affordable housing planning and development. 5. It creates a "Municipal Initiative Housing Trust Fund" funded by surcharges on certain real estate recording fees to support the creation and preservation of affordable housing. 6. It establishes a "Chapter 40B Integrity Study Commission" to examine potential profiteering and fraud in the construction of affordable housing under Chapter 40B. The overall goal of the bill is to facilitate regional collaboration and planning to promote the development of more affordable housing units across Massachusetts.

Housing and Urban Affairs

https://malegislature.gov/Bills/190/H652