An Act relative to the housing development incentive program
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to reform the existing Housing Development Incentive Program (HDIP) in Massachusetts. It seeks to improve the program’s effectiveness in promoting the development of affordable housing units across the state. Specifically, the bill proposes adjustments to the program’s criteria, application process, and funding mechanisms to encourage more projects and ensure a greater impact on housing affordability. The goal is to increase the supply of affordable housing options for residents.
Key provisions
- Revisions to HDIP criteria to prioritize projects with significant affordable housing components.
- Streamlined application process for eligible developers.
- Potential adjustments to funding allocation to incentivize specific types of projects.
- Establishment of a study order (H5318) to examine the program’s performance and identify areas for improvement.
Who is affected
- Developers of affordable housing projects
- Massachusetts residents seeking affordable housing
- Housing finance organizations
- State government agencies involved in housing development
- Local municipalities involved in housing planning
Notable changes
- The bill mandates a study to evaluate the current HDIP program and suggest modifications.
- It may introduce changes to the types of projects eligible for incentives.
Bill text
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Sponsors
Official sponsors from legislative records.
8 on record
Primary sponsor
Antonio F. D. Cabral
Cosponsors
Antonio F. D. Cabral
Christopher Hendricks
James K. Hawkins
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