Chapter 40B Housing is a program created by the State of Massachusetts which allows developers to override local zoning bylaws in order to increase the number of affordable homes in municipalities where less than 10% of the housing is defined as affordable.
The goal of the Chapter 40B program is to allow working families and seniors to remain in their communities when they might otherwise be priced out of the conventional housing market. The statute was designed to permit the development of multifamily and affordable housing in suburban and rural parts of the state.
NeighborWorks® Housing Solutions works with developers to create affordable housing and plays a crucial role in monitoring the affordability within the 40B projects, ensuring that the 40B homeownership properties are priced affordably and sold to eligible buyers.
How is Chapter 40B Different?
Chapter 40B housing is different from other types of affordable housing because these homes do not receive any subsidies or state budget allocation.
Instead, the cost of the affordable units is absorbed by the developer as part of the overall financing of the project. The market-rate units available in the development must make up the difference.
How Do I Find a Home and Apply?
To purchase an affordable home, contact the owner or agent selling the property. You will have to complete an application and provide documentation to show that you are eligible, and will need to have a pre-approval from a mortgage lender.
To find the specific income limit for your area, you can go to the Housing and Urban Development (HUD) website where they are published annually.
Visit the Citizens' Housing and Planning Association (CHAPA) website for a listing of many of the 40B homes for sale.
40B Housing Units Available or Lottery
View current units/properties available for lottery or resale, or get on a waitlist.
I Need to Sell my 40B Home
If you are in a 40B home you purchased and now must resell, there are some steps you must follow and information we need in order to help you with the process. Contact our 40B department to get started: Veronica Truell 781-422-2225