SENATE DOCKET, NO. 1644        FILED ON: 1/14/2009

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 658

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act relative to affordable housing..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1.  Chapter 44B is hereby amended by inserting after section 16 the following section:- Section 16A.  For those communities using Community Preservation Fund monies and whose low and moderate housing stock exceeds 10% of its total year-round housing units, all Community Preservation Fund developments shall be required to have 50% of the development be owner-occupied or 50% of the development priced at market rate.