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
July 2010
October 2010
December 2010
January 2011
February and March 2011
April and May 2011
June 2011
July 2011
August 2011
September 2011
October 2011
November 2011
December 2011 and January 2012