Boston Seeks Affordable Housing Proposals, But Deadline’s Tight
Developers will have to scramble to meet the deadline for the city’s annual round of housing development if they weren’t expecting it.
Developers will have to scramble to meet the deadline for the city’s annual round of housing development if they weren’t expecting it.
A day after signing a home rule petition that would allow Boston to impose a 2 percent transfer tax on expensive real estate sales, Mayor Marty Walsh headed to Beacon Hill to lobby for a second petition that asks for the ability to modify the city’s development linkage fees in real time.
A 6 percent tax on real estate transactions of $2 million or more would subsidize affordable housing production under a new proposal by two Boston city councilors.