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Senator urges updating Chapter 40R payments to reflect inflation, revive smart‑growth incentives
Summary
Senator Payano and municipal advocates told the committee that Chapter 40R’s incentive payments have lagged behind inflation since 2004 and proposed nearly doubling upfront incentives and raising per‑unit bonuses to spur smart‑growth zoning.
Senators and municipal advocates urged the Joint Committee on Housing to update Chapter 40R, the smart‑growth zoning incentive law, arguing that the program’s monetary incentives have not kept pace with two decades of inflation and rising construction costs.
“Those incentives reflect the economy and the value of the dollar back in 02/2004,” said Senator Payano, who testified in support of S 10 21, a bill that would…
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