Establishes a building permit fee surcharge for affordable housing in Concord, Massachusetts.

The bill allows the town of Concord to establish a surcharge on building permits for affordable housing. The surcharge applies to constructions exceeding a minimum value set by the Select Board. Revenue from the surcharge will be deposited into the Concord Municipal Affordable Housing Trust Fund. Affordable housing is defined as housing for families and individuals with incomes no more than 150% of the area mean income. The town must approve the surcharge by a vote at an annual or special Town Meeting.

Establishes a building permit fee surcharge for affordable housing in Concord, Massachusetts.

The bill allows the town of Concord to establish a surcharge on building permits for affordable housing. The surcharge applies to constructions exceeding a minimum value set by the Select Board. Revenue from the surcharge will be deposited into the Concord Municipal Affordable Housing Trust Fund. Affordable housing is defined as housing for families and individuals with incomes no more than 150% of the area mean income. The town must approve the surcharge by a vote at an annual or special Town Meeting.