An Act establishing a building permit fee surcharge for affordable housing in the town of Concord

This bill authorizes the Town of Concord to collect a special fee on building permits for new construction projects that exceed a specific value set by local officials. The collected funds must be placed into a designated trust to support affordable housing initiatives within the town. To qualify for the fee, a project must be intended for affordable housing, defined as units where initial rents or sale prices are capped at 150% of the area's median income. The town must vote to approve this surcharge at a Town Meeting before the fee can be implemented.