The bill outlines the status of various approved 40R Districts through July 1, 2024, detailing anticipated building permits, occupancy, and financial incentives associated with these districts. It includes a comprehensive list of community districts, their total units, area zoned, and the associated density bonus payments. Notably, the bill specifies that the anticipated construction activity is based on annual updates submitted by each community with an adopted Chapter 40R District, and it highlights that the payment amounts correspond to the number of associated bonus units, which may be less than the total units listed as in construction.
Additionally, the bill includes specific insertions of new legal language that clarify the status of certain districts, such as the City of Brockton, which did not submit an FY24 Annual Update, and the Town of North Andover, which had previously voted to repeal its 40R District. The financial implications are significant, with total payments amounting to over $35 million across the districts, reflecting the ongoing commitment to support smart growth and development in these areas.