Efforts to advance a ballot question seeking to establish a broad spectrum of policies related to the rental housing market, including the legalization of rent control, gathered less than 15% of the required signatures over six weeks of outreach. With the November 22 signature deadline looming, the campaign was unable to gather the remaining 60,000+ signatures required and has suspended operations. This means that the question will not go before voters in 2024.
As NAIOP CEO Tamara Small told The Boston Globe over the weekend, rent control will not address our housing crisis.Read More
Today NAIOP CEO Tamara Small joined business leaders, advocates, legislators, developers, and representatives from the Healey-Driscoll administration in Chelsea for the unveiling of the Administration’s $4 billion housing bond bill, The Affordable Homes Act. The legislation represents the largest proposed investment in housing in the state’s history.Read More
In direct response to NAIOP’s advocacy and work convening a broad range of business and economic development groups over two legislative sessions, the final bill includes a language tripling the annual cap on the Housing Development Incentive Program from $10 million to $30 million, and a one-time $57 million allocation to clear out the almost-2,000 unit backlog of shovel ready housing projects in Gateway Cities across the Commonwealth. The bill also includes a NAIOP-supported $20 million increase in the Low-Income Housing Tax Credit, bringing the total annual allocation to $60 million.Read More
On August 9, 2023, Governor Healey signed the FY24 budget.
In direct response to NAIOP’s advocacy, the final budget includes a five-year extension of the Brownfields Tax Credit through January 1, 2029. Since the beginning of the session in January, NAIOP has worked with the Healey-Driscoll Administration, the Legislature, and a broad coalition of business groups and housing advocates to ensure the extension was considered for early passage.
Read on to learn about other investments found in the final FY24 budget.Read More
Governor Healey declared that a state of emergency exists in Massachusetts due to rapidly rising numbers of migrant families arriving in the Commonwealth in need of shelter and services – and a severe lack of shelter capacity in the state. The state of emergency will allow the Administration to advocate for federal support to address the need for expanded shelter access and other services.
There are several ways for individuals and companies to support families seeking safety and shelter in Massachusetts right now.Read More
In mid-May, the Boston Planning and Development Agency (BPDA) released an updated proposal for the City’s Inclusionary Development Policy (IDP).
Read on to learn more about NAIOP’s position on this policy; and for updates from the State House regarding the FY24 budget; tax reform; and Governor Healey’s new housing announcement.Read More
With a new gubernatorial administration comes new opportunities to shape the future of Massachusetts. As we look ahead to 2023, there is little doubt that it will be a difficult year for businesses. The incoming Healey-Driscoll administration must be a partner with the business community to ensure that safeguards are in place so the commonwealth can weather the economic storm. Only together can we work to secure the livelihoods and futures of Massachusetts’ residents and businesses.Read More
On December 15, Boston Mayor Michelle Wu announced a set of proposals to make substantial changes to the City’s Inclusionary Development Policy (IDP) and the commercial Linkage Policy. The announcement also previewed the City’s intent to review proposed changes to the Article 80 permitting process with the goal of implementing clear timelines and predictability for projects.Read More
Rent Control Is Not the Answer to Our Housing Crisis Decades of Research Shows Its Harm By Tamara Small | This column originally appeared in Banker & Tradesman on September 11, 2022 In July, yet another report was issued highlighting the housing crisis in Massachusetts. The Housing Underproduction Report examined markets throughout the country and…Read More
NAIOP ADVOCACY ALERT: Climate Bill Enacted; BPDA Implements DEI Policy; New Zoning Rules for MBTA Communities Released Support for our Advocacy Alerts is Generously Provided By: Serlin Haley, LLP and Pierce Atwood, LLC GOVERNOR BAKER SIGNS CLIMATE BILL This afternoon, Governor Baker signed An Act Driving Clean Energy and Offshore Wind. Throughout the legislative process,…Read More