Mayor Hikes Fees to Promote Affordable Housing Development

BOSTON—Mayor Martin Walsh signed an executive order last week that increases affordable housing requirements in new multi-family projects and hikes fees for those builders who either choose not to include the units in their projects or build them elsewhere.

“For our city to continue to grow and thrive, we have to do everything in our power to make sure that people who want to work to make Boston better can afford to live here,” says Mayor Walsh. “The Inclusionary Development Policy is a critical tool for creating and maintaining affordable living in our city. I am pleased that the team working on this issue has created a balanced policy that helps ensure that our city’s most vulnerable benefit from the strong real estate market, while preserving developers’ ability to create the housing we need across all income levels.”