40B Site/Final Approval

MassHousing is one of the state’s four subsidizing agencies responsible for administering development under Chapter 40B. MassHousing acts as subsidizing agency for 40B projects financed by the Agency, as well as projects financed by the Federal Home Loan Bank of Boston under the New England Fund (NEF) through its private member banks.

Through its Planning and Programs Department, MassHousing issues site and final approval to 40B proposals; enters into regulatory agreements with 40B developers, providing for housing affordability and fair housing marketing, and limiting the profits of 40B developments; and monitors compliance with housing affordability and profit restrictions.

Housing developers are encouraged to carefully review the Chapter 40B regulations, the 40B guidelines, and 40B Design Principles Handbook, which offer a framework for implementing the comprehensive permit process.

The Comprehensive Permit Application for rental and homeownership projects is available online. Developers are encouraged to discuss potential projects with a member of MassHousing’s Planning and Programs Department prior to submitting a formal application for site approval.

Developers pursuing housing under a comprehensive permit may find detailed information on affordable housing monitoring and the 40B cost certification process.