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Draft Perry Place 40B Development Agreement Voted by Board of Selectmen June 12, 2023, Currently under legal reviewDEVELOPMENT AGREEMENT This AGREEMENT (\”AGREEMENT\”) is made and entered into
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Obtain the necessary application form for Perry Place 40B development from the designated office or website.
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Fill out all required fields in the application form accurately and completely.
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Who needs perry place 40b development?

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Low to moderate income individuals and families who are in need of affordable housing options.
02
Developers and organizations looking to create mixed-income housing communities in compliance with the Massachusetts 40B affordable housing law.
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Perry Place 40B development refers to a type of affordable housing development in Massachusetts that is permitted under Chapter 40B of the Massachusetts General Laws.
Developers who wish to build affordable housing under the Chapter 40B regulations are required to file for Perry Place 40B development.
To fill out a Perry Place 40B development application, developers must provide detailed information about the proposed affordable housing project, including the number of units, income eligibility requirements, and financing details.
The purpose of Perry Place 40B development is to increase the supply of affordable housing in Massachusetts and provide housing options for low and moderate-income individuals and families.
Information that must be reported on Perry Place 40B development includes details about the project site, the proposed number of affordable housing units, income eligibility requirements, financing sources, and a marketing plan to reach eligible tenants.
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