SECTION 1.
Chapter 59 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended by adding after Section 38 H the following section: —
Section 38 I: Affordable Housing; valuation
In determining the fair cash valuation of affordable housing, as defined in section 1 of Chapter 60, the assessors of each city and town shall consider the deed restrictions ensuring affordability placed on the property.
SECTION 2.
Section 1 shall be effective for fiscal years beginning on or after July 1, 2007.
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