March 5, 2020 Comments Off on Gov. Baker Files $240M Economic Development Bill Views: 700 Boston New England News, Top Boston

Gov. Charlie Baker on Wednesday filed a $240-million economic development legislative package. Among other things, it includes provisions for targeted zoning reform to encourage the production of more housing across Massachusetts.

This governor’s office said the bill encourages more market rate housing in Gateway Cities and similar regions by expanding the Housing Development Incentive Program (HDIP); invests in affordable housing near transit; provides new flexible, responsive tools to build vibrant communities; and facilitates further economic growth and job creation by significantly increasing support for small businesses and industry clusters.

“Building on the success of our two previous economic development bills, An Act Enabling Partnerships for Growth invests in further housing development and supports small businesses and innovative companies throughout the Commonwealth,” said Baker.

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Tags: Apartments & Multifamily, Development, Economy, Housing, Politics

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Gov. Baker Files $240M Economic Development Bill

Paul Bubny