Code of Massachusetts Regulations
760 CMR - HOUSING AND LIVABLE COMMUNITIES, EXECUTIVE OFFICE OF
Title 760 CMR 66.00 - Housing Development Incentive Program - Chapter 40v
Section 66.09 - Reporting and Review
Universal Citation: 760 MA Code of Regs 760.66
Current through Register 1531, September 27, 2024
(1) On or before August 1st of each year, the Municipality shall submit to the Department an annual report about actions undertaken to implement its HD Zone Plan for the prior year containing such material as may be specified by the Department including:
(a) A detailed description of the
progress of the elements of the HD Zone Plan in relation to the schedule
incorporated into the HD Zone Plan including all construction, reconstruction,
rehabilitation and related activities, both public and private, completed or in
process in connection with the HD Zone Plan;
(b) Information on the initial sale and leasing of
any Market Rate Residential Unit in a HD Project; and
(c) With respect to each HD Project, the Increment
used to calculate the HD Property Tax Exemption, the Exemption Percentage, and
property tax revenue by the Municipality in connection with the Market Rate
Residential Units.
(2) The department shall review each HD Project at least once every two years.
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