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Wu Announces Strategy for Inclusive Growth and Development – East Boston Times-Free Press

Wu Announces Strategy for Inclusive Growth and Development – East Boston Times-Free Press
eastietimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastietimes.com Daily Mail and Mail on Sunday newspapers.

Mayor Wu Announces Strategy for Inclusive Growth by Increasing Funds for Affordable Housing, Speeding Development Approvals

Mayor Walsh signs 42 percent increase in Linkage fees into law

BOSTON - Thursday, March 11, 2020 - Mayor Martin J. Walsh today signed a 42 percent increase in Boston’s Linkage fees into law. The Linkage Program requires large scale commercial developments over 100,000 square feet in Boston to pay into funds that support the creation of affordable housing and workforce development. The increase will raise the current fees to $15.39 per square foot, of which $13.00 will be dedicated to affordable housing and $2.39 will be dedicated to workforce training.

42% increase in development Linkage fees proposed to support affordable housing, workforce training

Mayor Martin J. Walsh today announced a 42 percent increase in the Linkage fees collected by large scale commercial developments over 100,000 square feet in Boston to support the creation of affordable housing and workforce development programs. The increased rate of $15.39 per square foot, of which $13.00 will be dedicated to affordable housing and $2.39 will be dedicated to workforce training, will be brought to the Boston Planning & Development Agency (BPDA) Board for approval on Thursday, February 11. 

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