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Portland committee backs forwarding model bill (Mass. 40T) to Legislature to protect affordable housing tenants
Summary
The committee authorized staff to forward a proposal modeled on Massachusetts' '40T' to help preserve affordability and tenant protections when deed-restricted affordable housing approaches the end of affordability terms.
Portland’s Legislative and Nomination Committee authorized city staff to forward a proposal modeled on Massachusetts’ so-called '40T' to the Legislature as a potential tool to preserve affordable housing and protect tenants from displacement when affordability restrictions expire.
Staff described the measure as a technical, preservation-focused bill designed to give municipalities and…
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