Massachusetts H5190 releases certain land use restrictions in Revere, requiring affordable housing for 20 years.

Massachusetts H5190 authorizes the commissioner of the division of capital asset management and maintenance to release specific land use restrictions in Revere. The bill mandates that at least 10% of housing units developed on the released parcels must be affordable for households earning up to 80% of the area median income. The cost of releasing these restrictions will be covered by the land owner, and the consideration for the release will be based on an independent appraisal reviewed by the inspector general.

Massachusetts H5190 releases certain land use restrictions in Revere, requiring affordable housing for 20 years.

Massachusetts H5190 authorizes the commissioner of the division of capital asset management and maintenance to release specific land use restrictions in Revere. The bill mandates that at least 10% of housing units developed on the released parcels must be affordable for households earning up to 80% of the area median income. The cost of releasing these restrictions will be covered by the land owner, and the consideration for the release will be based on an independent appraisal reviewed by the inspector general.