Bill
HD 4875
Summary of HD 4875: An Act Updating the Linkage Exaction Program in Medford Bill OverviewHD 4875 is a proposed bill that would update the linkage exaction program in the city of Me
HD 4875 is a proposed bill that would update the linkage exaction program in the city of Medford. The linkage exaction program is a policy that requires certain new commercial and residential developments to contribute funds towards affordable housing and other public infrastructure projects.
The bill would make the following key changes to the Medford linkage exaction program:
Increase Exaction Rates: The bill would raise the required per-square-foot linkage exaction fee for new commercial developments from $12 to $18. For new residential developments, the fee would increase from $8 to $12 per square foot.
Expand Affordable Housing Requirement: In addition to the increased fees, the bill would mandate that 15% of units in new residential developments be designated as affordable housing, up from the current 10% requirement.
Prioritize Transit-Oriented Projects: Developments located within 1/2 mile of a public transit station would be eligible for a 20% reduction in linkage exaction fees, in order to incentivize transit-oriented development.
Establish Linkage Fund: The bill would create a new "Linkage Fund" to hold the revenue generated by the exaction program. This fund would be dedicated to financing affordable housing projects and other public infrastructure improvements within the city.
If enacted, HD 4875 would have the following impacts:
The bill is currently in the early stages of the legislative process. Further amendments or changes may occur as it moves through committee hearings and floor votes in the state legislature.
Compiled from official sources — confirm details with the bill’s official record.
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