Massachusetts S971 amends the housing development incentive program to require mixed-income developments.

Massachusetts S971 amends the housing development incentive program to require mixed-income developments. This means that at least 20 percent of the units in any development must be affordable, either as rental units for households earning up to 50 percent of the area median income or owner-occupied units for households earning up to 80 percent of the area median income. These affordable units must remain affordable for at least 50 years. The bill also defines "mixed income development" as a development with no more than 80 percent market rate units.

Massachusetts S971 amends the housing development incentive program to require mixed-income developments.

Massachusetts S971 amends the housing development incentive program to require mixed-income developments. This means that at least 20 percent of the units in any development must be affordable, either as rental units for households earning up to 50 percent of the area median income or owner-occupied units for households earning up to 80 percent of the area median income. These affordable units must remain affordable for at least 50 years. The bill also defines "mixed income development" as a development with no more than 80 percent market rate units.