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 communities, their respective zoning areas, the number of units anticipated, 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 voted to repeal its 40R District in 2019 without returning the associated zoning incentive payment. The total financial implications of the approved districts are also summarized, indicating a significant amount of funding allocated for these developments, with a total of $35,370,000 in payments anticipated.