Amendment #168 to H4461

UCH-TIF Affordable Housing Requirement

Representatives Barber of Somerville, Khan of Newton, Garballey of Arlington, Keefe of Worcester and Malia of Boston move to amend the bill in Section 26, by striking out in lines 690 through 701, the following:

“(b)As a condition of the granting of an UCH-TIF exemption, a property owner must satisfy 1 of the following affordability thresholds:

(i)At least 15 per cent of the housing units assisted by the UCH-TIF agreement shall be affordable to occupants or families with incomes at or below 80 per cent of the area median income where the city or town is located, as defined by the United States Department of Housing and Urban Development, hereinafter referred to as AMI; or

(ii)At least 25 per cent of the housing units assisted by the UCH-TIF agreement shall be affordable to occupants or families with incomes at or below 110 per cent of the AMI; or

(iii)The property shall satisfy the requirements of an existing inclusionary zoning ordinance or by-law in the city or town, under which the property owner is required to make a portion of the housing units assisted by the UCH-TIF agreement affordable to low- and moderate-income households.”

and inserting in place thereof the following:- “(b) as a condition of granting of an UCH-TIF exemption, a property owner must satisfy 1 of the following affordability thresholds:

(i)At least 25 per cent of the housing units assisted by the UCH-TIF agreement shall be affordable to occupants or families with incomes at or below 80 per cent of the median income for the area in which the city or town is located as defined by the United States Department of Housing and Urban Development; or

(ii)Such other requirement of affordable housing as is necessary to achieve financial feasibility for the development pursuant to regulations and guidelines promulgated by the department of housing and community development.”