Amendment ID: S2397-16

Amendment 16

Improve HDIP to create affordable housing

Mr. Eldridge, Ms. Miranda, Mr. Gomez, Ms. Edwards and Ms. Jehlen move that the proposed new text be amended by inserting after section 41 the following sections:-

SECTION 42. Section 1 of chapter 40V of the General Laws, as appearing in the 2020 Official Edition, is hereby amended by striking out, in line 18, the words “at least” and inserting in place thereof the words:- "not more than".

SECTION 43. Said section 1 of said chapter 40V, as so appearing, is hereby further amended by inserting after the words “market rate units”, in line 18, the following words:- "and not less than 20 per cent permanently affordable units".

SECTION 44. Said section 1 of said chapter 40V, as so appearing, is hereby further amended by inserting after the definition of “Substantial rehabilitation” the following definition:-

“Permanently affordable unit”, a residential unit for: (i) renter households with incomes up to 50 per cent of HUD determined area median income and (ii) homeowners with incomes up to 80 per cent of area median income.

SECTION 45. Clause (iv) of subsection (a) of section 4 of said chapter 40V, as so appearing, is hereby amended by striking out, in line 8, the words “at least” and inserting in place thereof the following words:- "not more than".

SECTION 46. Clause (iv) of subsection (a) of said section 4 of said chapter 40V, as so appearing, is hereby further amended by inserting after the words “market rate units”, in line 8, the following words:- and not less than 20 per cent permanently affordable units.

SECTION 47. Section 5 of said chapter 40V, as so appearing, is hereby amended by inserting after the words “market rate units”, in line 4, the following words:- and permanently affordable units.

SECTION 48. Clause (iii) of said section 5 of said chapter 40V, as so appearing, is hereby amended by inserting after the words “market rate units”, in line 14 the following words:- and permanently affordable units.

SECTION 49. Said section 5 of said chapter 40V, as so appearing, is hereby amended by adding the following clauses:- (iv), the inclusion of a range of bedroom sizes including those suitable for families with children and (v), the size of the credit needed for the project to be financially feasible.

Section 50. Said section 5 of said chapter 40V, as so appearing, is hereby amended by adding the following paragraph: If a gateway municipality’s inclusionary zoning ordinance requires a proposed housing development project to have at least 20 per cent permanently affordable units, this chapter shall not require the proposed housing development project to provide additional permanently affordable units.

SECTION 51. Paragraph (1) of subsection (q) of section 6 of chapter 62 of the General Laws, as so appearing, is hereby amended by inserting after the word “units”, in line 846, the following words:- and permanently affordable units.

SECTION 52. Subdivision (1) of section 38BB of chapter 63 of the General Laws, as so appearing, is hereby amended by inserting after the word “units”, in line 7 the following words:- and permanently affordable units.