On Wednesday, July 26, 2 pm – 5 pm, the Joint Committee on Housing will hear testimony on bills (S.870, S.863, H.1300) to include a share of affordable housing in the multimillion dollar Housing Development Incentive Program (HDIP) tax subsidy for market rate and often luxury housing in Gateway Cities.
These bills propose a more balanced HDIP that would support mixed income housing (both market rate and affordable) by requiring HDIP developments to include not less than 20% units affordable to households up to 50% of AMI.
For more information on this hearing, please see the helpful blog post from Western Massachusetts Network to End Homelessness.
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