This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Massachusetts Reasonable Development
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Multi-State
Control #:
US-OG-815
Format:
Word;
Rich Text
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FAQ
Chapter 40B is a state statute, which enables local Zoning Boards of Appeals to approve affordable housing developments under flexible rules if at least 20-25% of the units have long-term affordability restrictions.
Formerly known as the Department of Housing and Community Development (DHCD), EOHLC works with municipalities, local housing authorities, non-profit organizations, and development partners to provide affordable housing options, financial assistance, and other support to Massachusetts communities.
Chapter 40B helps communities meet the Commonwealth's housing needs, by providing a flexible zoning approval process that allows for the creation of new homes for individuals, families, and older adults, across a range of incomes.
Affordable Housing ? Housing targeted to and affordable by households that meet specific income eligibility levels, typically households earning below 80% of the metropolitan area's median income (or AMI).
At the opposite end of the spectrum, Massachusetts, Maryland, New Jersey, and Connecticut tie for the highest income limits, defining low-income as $55,950 for a single individual or $79,900 for a family of four.
In the past 10 years, Boston has permitted 8,975 income-restricted units, which is 21.4 percent of all permits during that time. In 2022, alone, 30 percent of all units permitted were income-restricted (1,299 units). In terms of completions, 24 percent (866 units) of all housing completed in 2022 was income-restricted.
Find Out if You Qualify Bedrooms50% AMI70% AMI1$117,500$185,5002$141,900$219,6003$166,100$253,5004$190,300$287,4001 more row
In most cases, the local housing authority, funded by HUD, will pay about 70% of a tenant's rent, while the tenant will pay the other 30%. Fair Market Rents generally determine the maximum rent that a Section 8 landlord will be allowed to charge its residents.
