The bill outlines the anticipated building permits and occupancy data for various approved 40R districts through July 1, 2024. It includes detailed information on the number of units, zoning areas, and financial incentives associated with each district. 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 the total financial incentives available, which amount to approximately $34.77 million across the listed districts.
Additionally, the bill includes specific insertions of new legal language that clarify the status of various districts, such as the approval of certain districts and the verification of data for the city of Brockton, which did not submit an annual update for FY24. The bill also notes that the anticipated construction activity may reflect a number of units that could be less than those listed as in construction, emphasizing the dynamic nature of these developments. Overall, the bill aims to provide a comprehensive overview of the current state and future expectations for housing development in these designated areas.