Chapter 40T - Massachusetts Legislature
2024年12月3日 · Chapter 40T: PUBLICLY–ASSISTED AFFORDABLE HOUSING. Section 1 Definitions; Section 2 Notice requirements for termination of affordability restriction; Section 3 Purchase option for publicly-assisted housing by department
Chapter 40T - Guidance - Mass.gov
2024年8月15日 · Chapter 40T was enacted in November 2009. It is designed to preserve the stock of affordable housing in Massachusetts that is at risk of loss due to expiring affordability restrictions, and to protect tenants in these developments from displacement.
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Chapter 40T is a termination event that would reduce or end required affordability at a project. Examples of terminations include Section 8 contract expirations, the maturity of an affordable governmental mortgage program, and the end of a LIHTC use restriction.
General Law - Part I, Title VII, Chapter 40T, Section 1
2024年12月4日 · As used in this chapter, the following words shall, unless the context clearly requires otherwise, have the following meanings:-- "Affected municipality'', a city or town in which publicly-assisted housing is located. "Affiliate'', an entity owned or controlled by an owner or under common control with the owner.
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CHAPTER 40T BASICS. Enacted in late 2009. Covers 16 housing funding programs. Production programs: Sec 236, Sec. 202, Sec 515, LIHTC. All major project-based rental subsidy programs: Sec 8 (PBV, PBRA), Sec 521, State Rental Vouchers. Housing programs not covered include HOME, CDBG. 2
40T, § 1, in the context of providing such curative notice, the Owner shall agree in an Equivalent Affordability Restriction: (a) to provide the Tenants with a Notice equivalent to a Notice of Future Termination at least two years and not more than three years before the
2017年11月3日 · Assisted Affordable Housing,” creating Chapter 40T of the Massachusetts General Laws (“Chapter 40T” or the “Act”). A key aspect of Chapter 40T is the authority granted to the Department of Housing & Community Development (“DHCD” or the “Department”) to make an offer and/or respond to a
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