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Gov. Patrick unveils plan for multi-family housing for young professionals

From the Globe:

Governor Deval Patrick detailed a plan Tuesday to produce 10,000 multifamily housing units a year through 2020 in an effort to keep young professionals from leaving Massachusetts. …

Under Patrick’s plan, there will be financial incentives for communities that build more densely — at least eight units per acre for multifamily homes and at least four units per acre for single-family homes — according to Aaron Gornstein, the Massachusetts undersecretary for Housing and Community Development. Incentives include priority access to state funding for infrastructure improvements, among other resources, he said. To be eligible, developments must reserve at least 10 percent of units for lower-income tenants, Gornstein said.

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