What Are Comprehensive Permits, And How Are They Used To Create Affordable Housing?
A comprehensive permit is issued by a municipality to a developer who proposes to build housing in which at least 25% of the units are affordable to lowincome residents. A comprehensive permit is an allencompassing permit which subsumes all permits and approvals normally issued by other local boards. A comprehensive permit typically allows a developer to build at a higher density than is normally allowed under a town's zoning laws. For more information contact DHCD's department of private housing at 6177277824
Other Massachusetts Real Estate FAQs
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Q:
Does The Sale/Purchase Become Final When We Signed The Purchase And Sale Agreement?
A: Not yet. First, the terms of the purchase and sale agreement have to be performed by each of the seller and the buyer. The offer to purchase and/or the purchase and … More -
Q:
Why Should I Spend The Money For A Home Inspection When My Mortgage Company Is Going To Inspect The Property?
A: According to one area broker/owner of a realty office, the chief confusion for consumers these days is that many believe an appraisal and a home inspection are the … More -
Q:
What Happens If We Can't Get A Mortgage After We've Signed The Agreement Of Sale And The Inspections Are Completed?
A: The first step to homeownership should be to get preapproved (not just prequalified) in writing for a mortgage. As a buyer, it defines your price range and … More -
Q:
We're Buying A
A: Massachusetts has very little in the way of protections against parties who buy "fixeruppers". We have a law that requires that there be smoke detectors … More -
Q:
What Happens At The Closing?
A: Massachusetts recognizes that lawyers and not closing companies or title companies are qualified to do real estate closings. Thus, in the vast majority of cases a … More -
Q:
How Does Dhcd Differ From The U.S. Department Of Housing And Urban Development?
A: DHCD is a state agency, and HUD is a federal agency. Both agencies are concerned with public and assisted housing as well as community development. In many instances, … More -
Q:
What Resources Are Available To Developers Of Affordable Housing?
A: A variety of resources are available to stimulate the private production of affordable housing. These include the Low Income Housing Tax Credit Program, the HOME … More
What is a REIT?
Attorneys In Your Area
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Nicholas Barrett & Associates
East Providence, RI
866-584-3968
Free Consultation