An Act relative to updating and modernizing Chapter 40R
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill seeks to update and modernize Chapter 40R, a state law that provides financial incentives for municipalities to encourage affordable housing development. Specifically, it aims to modernize the appropriations associated with smart growth zoning and housing production, potentially streamlining the process and increasing the effectiveness of these incentives. The bill was referred to the Housing committee and subsequently heard. It is closely related to S.2827.
Key provisions
- Modernizes appropriations under Chapter 40R.
- Focuses on smart growth zoning and housing production.
- Aims to streamline the process for affordable housing development.
- Updates existing mechanisms for financial incentives.
- Related to ongoing discussions about housing affordability.
Who is affected
- Municipalities
- Housing developers
- Low- and moderate-income residents
- The housing sector
- State government
Notable changes
- Updates existing Chapter 40R provisions.
- Potentially alters the allocation of funds for housing initiatives.
Bill text
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Sponsors
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4 on record
Primary sponsor
Cosponsors
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