[Housing] [40T Notices]

40T Notices

On November 23, 2009, the Massachusetts Legislature passed, and the Governor signed, MGL Chapter 40T – An Act Preserving Publicly Assisted Affordable Housing. This landmark legislation aims to help preserve existing privately-owned affordable housing in Massachusetts. These expiring use properties are at-risk because their use restrictions are terminating and owners have the option to convert them to market rate housing.

The legislation establishes notification provisions for tenants, a right of first refusal for DHCD or its designee to purchase publicly assisted housing, and modest tenant protections for projects with affordability restrictions that terminate.
CEDAC has received the following 40T notices in:

February 2010

April 2010

May 2010