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S
611 - An Act reforming Chapter 40B 
Documents & Status: Text
of Senate 611 | Status
of the bill
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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