Posted on February 2, 2017
BOSTON, Feb. 2, 2017 --- MHP's Center for Housing Data has commissioned a study that will identify and evaluate practical policy options for developing a funding mechanism that would redirect some revenues generated from new development back to communities to defray muncipal costs of allowing new housing.
MHP has tapped the Public Policy Center at UMass Dartmouth (PPC) to build upon a 2016 preliminary study of whether there was enough overall net new tax revenue from new housing that could be redirected into a fund to address municipal cost concerns.
This time, PPC will look at 30 to 50 housing developments of various types to estimate net new tax revenues from new development and will develop an overview of potential program options that could address negative local fiscal impacts of new housing.
The study is part of an ongoing effort by MHP to provide analysis, study and discussion on a range of statewide polices that would better enable the Commonwealth to produce housing in response to demand.
For more information about the PPC study, email MHP's Rus Lodi.