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Housing Choice: Land court puts $25K bond on abutters challenging Truro permit

Housing Choice legislation passed in 2020 included abutter appeal reform, giving courts the option to require a party to post up to a $50,000 bond when appealing a decision to approve a special permit, variance or site plan for housing. The bond would secure the payment of costs if the court finds that the defendant or pubic interest is harmed by the delay. On Nov. 9, 2021, a Massachusetts land court used this new law to order a $25,000 bond on Truro abutters challenging the issuance of a Ch. 40B permit for an affordable housing project. Here's the decision.




FHA Federal Financing Bank Risk-Sharing Program

MHP’s FHA Risk-Sharing program provides 30-, 35- and 40-year low fixed-rate financing for the takeout of construction financing of newly built properties or the refinance or acquisition of existing multifamily properties. Financing can be used with LIHTC and all other capital and operating subsidy programs.