Gov. Maura Healey Wednesday morning unveiled a new comprehensive bill to fill in the gaps of the state’s housing shortage through new funding, policy initiatives and more, a plan that commercial real estate leaders — for the most part — are backing. The Affordable Homes Act, a $4B bill that aims to ramp up housing production and preserve affordability throughout the state, includes a variety of approaches to address the state's housing crisis and bring on a mix of affordable options throughout the state. Several commercial real estate leaders Bisnow spoke with Wednesday said the bill is a step in the right direction to addressing the state's dire housing crisis, though some had concerns about the use of real estate transfer tax hikes to fund affordable development.
“From Day 1, the Healey-Driscoll administration has made it clear that housing production was a big focus,” NAIOP Massachusetts CEO Tamara Small told Bisnow. “This bill is, I think, the largest proposed investment in housing in the state’s history. That’s pretty significant and exciting.”The proposals… Read the full story here. |