Massachusetts H5487 establishes a surcharge on new single- and two-family residential construction in Lexington to fund community housing.

Massachusetts H5487 introduces a surcharge on specific residential development activities in Lexington, Massachusetts, to fund the creation of community housing. The surcharge applies to new single- and two-family residential construction building permits on parcels meeting area thresholds defined by the select board. The surcharge is based on a dollars-per-square-foot rate applied to the total gross floor area of the structure. Exemptions include structures permitted for the creation of community housing and permits for reconstruction with the same or less gross floor area.

Massachusetts H5487 establishes a surcharge on new single- and two-family residential construction in Lexington to fund community housing.

Massachusetts H5487 introduces a surcharge on specific residential development activities in Lexington, Massachusetts, to fund the creation of community housing. The surcharge applies to new single- and two-family residential construction building permits on parcels meeting area thresholds defined by the select board. The surcharge is based on a dollars-per-square-foot rate applied to the total gross floor area of the structure. Exemptions include structures permitted for the creation of community housing and permits for reconstruction with the same or less gross floor area.