summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to the penalty for withholding low income housing development excess profits. Housing.
AI Summary
This bill aims to penalize developers who fraudulently withhold excess profits from cities or towns resulting from 40B (Affordable Housing) developments. The key provision of this bill is that any public agency or limited dividend or nonprofit organization convicted of such fraud would be ineligible to construct any additional 40B or 40R (Smart Growth Zoning) developments for a period of 5 years from the date of the conviction. This measure is intended to discourage developers from withholding excess profits and to hold them accountable for their actions in these affordable housing projects.
Committee Categories
Housing and Urban Affairs
Sponsors (8)
Donnie Berthiaume (R),
James Cantwell (D),
Josh Cutler (D),
David DeCoste (R),
Susan Gifford (R),
Leonard Mirra (R),
Bruce Tarr (R),
Chris Walsh (D),
Last Action
Accompanied a study order, see H4791 (on 07/23/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H3013 |
| Bill | https://malegislature.gov/Bills/190/H3013.pdf |
Loading...