According to Banker & Tradesman, the effort to repeal the state’s chief affordable housing law has failed.

The repeal would have erased four sections of the state’s “Chapter 40B” regulations.

Chapter 40B requires cities and towns to allow developers to build housing with more density than would otherwise be allowed, if their “affordable housing” is less than 10% of the entire housing stock. The developers are required to offer some of the housing at “affordable” prices, in return.

The petitioners had to collect at least 66,593 (valid) signatures in order for the question to appear on next year’s ballot; word is they collected as few as 34,000.

The question is, does this say more about the petitioners or more about the sentiments of the majority of Commonwealth voters?

Other petitions are in the works, meantime.

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