Last month, the Healy-Driscoll Administration released a historic proposal to invest $4.1 billion in affordable housing and make significant policy changes to support the production, preservation, and rehabilitation of more than 65,000 homes state-wide. The proposed bill is the largest housing investment in state history, positioning us to make substantial strides at addressing our state’s estimated housing shortfall of 200,000 units. This development coincides with the Cape Cod Commission’s nearly completed Regional Housing Strategy, which forecasts that Cape Cod will need 11,000 to 21,000 housing units by 2035.
The Healy-Driscoll bill, which the Massachusetts legislature will debate, proposes several measures that will be particularly helpful to our region.
- The bill proposes a local option real estate transfer fee that has the potential to generate millions of dollars for towns to support investments in housing production.
- Proposed zoning reforms will allow for the construction of accessory dwelling units (ADUs) by right and the adoption of inclusionary zoning by a majority vote at town meetings.
- The bill also provides $275 million for sustainable/green housing initiatives and a homeownership tax credit to spur the development of affordable homeownership units and a new Seasonal Communities Designation.
You can learn more about the Governor’s proposal here.
Over the past year, Governor Healy and our legislature have advanced several new initiatives and investments to give communities more tools and resources to address the affordable housing crisis. Our state leaders are making progress. Now is the time for more aggressive action in each of the eight towns we serve.
Many of our towns are rising to the challenge. Sadly, others face obstruction and encounter delays. All towns must be bold and act now to meet the urgent needs of the far too many Lower Cape residents facing housing instability.
Rest assured, the CDP will continue to assist our towns in adopting every tool possible and advocate for and promote innovative and collaborative measures necessary to solve our region’s housing crisis. Thanks to your support, we are leading the way to build a diverse, year-round community of people who can afford to live, work, and thrive here.
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