An Act setting a housing production goal for the Commonwealth

This bill establishes a statewide target for Massachusetts to build 427,000 new housing units by 2040. It specifically requires that 85,400 of these units be affordable to households earning less than 80% of the area median income, with at least 8,500 reserved for those earning less than 30%. To track progress, the Secretary of Housing and Economic Development must submit annual reports detailing the number of units built, including specific categories for market-rate homes, disability-accessible units, senior housing, and affordable units at different income levels. The report will also include data on residential properties purchased by foreign buyers and short-term rentals. These provisions directly affect housing developers, state housing officials, and the broader community by setting a concrete production benchmark and creating a transparency mechanism for housing statistics.