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An
Act Reforming Chapter 40B
Documents & Status: Text
of Senate 653 |
Texts of Relevant Bills to 40B Reform: Text
of Senate 651 | Text
of Senate 652
The goal of
this legislation is to promote the development
of truly affordable housing while closing some
of the loopholes in the current law developers
use to exploit many area towns. This bill
would increase the required amount of
affordable unites in a 40B development from 25
to 33%. This would help 40 B developments
positively impact a town’s affordable
housing stock. It would also limit the type of
variances granted under a comprehensive permit
to density and require a direct financial
subsidy from a government or semi-government
agency. These steps would restore some
accountability to the process while requiring
that 40B projects fit in with a community’s
existing development plans. Finally, this bill
would work to more accurately limit the
profits of 40B developments to the 20% they
are allowed under the current statute.
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| AN
ACT RELATIVE TO SECURITY DEPOSITS FOR
RESIDENTIAL REAL PROPERTY
Documents & Status: Text
of Senate 768
S.
320 establishes a Special Commission on
Protection of Consumer Interests in
Continuing Care Retirement Communities (CCRCs).
CCRCs, are a relatively recent
addition to senior retirement living
options. Their intent is to provide living
arrangements where seniors can "age in
place.”
This means they make available a
variety of personal and health care services
a senior may need at some point in their
lives. Yet,
there is little uniformity in the types of
services these CCRCs provide, and the manner
in which a tenant access and pays for each
service.
For example, at some CCRCs, residents
pay the same monthly fee whether they are in
an independent living unit or the nursing
facility, while at others different rates
apply to independent living, assisted living
and skilled nursing care.
The
commission created in S. 320 would study the
need for legislation, regulatory oversight,
or other measures to ensure that the
financial interests of consumers who join
senior lifestyle communities are protected
against fraud and abuse in marketing of said
communities and for protection of the
investment or payment for membership in such
communities.
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