An Act relative to updating and modernizing Chapter 40R.
Updates Massachusetts housing incentive program (Chapter 40R) to boost multifamily residential zoning near transit, addressing state housing shortage through modernized development incentives.
Updates Massachusetts housing incentive program (Chapter 40R) to boost multifamily residential zoning near transit, addressing state housing shortage through modernized development incentives.
HD 987 updates Massachusetts' Chapter 40R, which is the state's housing incentive program that encourages municipalities to zone for multifamily residential development near transit. The bill modernizes this program by adjusting its provisions, incentive structures, and implementation mechanisms to address current housing needs and development realities.
Massachusetts faces a significant housing shortage and affordability crisis, particularly in areas near public transportation. Modernizing Chapter 40R could unlock additional housing development in strategic locations, potentially increasing the housing supply while supporting transit-oriented development goals that reduce car dependency and greenhouse gas emissions.
Compiled from official sources — confirm details with the bill’s official record.
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