An Act releasing certain land use restrictions held by the commonwealth in the city of Revere

Summary

The legislation directs the state’s capital asset manager to release several use‑restriction covenants on Lot 6A in Revere, after the landowner pays the fair market value of those restrictions as determined by an independent appraisal. The landowner must also cover all related costs and ensure that at least 10% of any new housing units built on the site are affordable to households earning up to 80% of area median income for 20 years. This aims to unlock development potential while preserving affordable housing.

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