Section 5 of Chapter 40A of the General Laws is amended by inserting in paragraph 5 the following after “in accordance with section 3 of chapter 40R.”:-
(5) an inclusionary zoning ordinance or bylaw. As used in this paragraph the term “inclusionary zoning” shall mean a residential subdivision or a multi-unit residential project of a size to be determined by the municipality; and provided further, that a certain percentage of such subdivision or project’s dwelling units or net floor area, as determined by the municipality, shall be reserved for the construction of dwelling units permanently affordable for occupancy to persons whose household income does not exceed a municipally determined per cent of such municipality’s area median income as such income is determined by the federal department of Housing and Urban Development.
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