An Act relative to modernizing Chapter 40R

H 4759 modernizes Massachusetts' housing incentive program under Chapter 40R by creating new payment structures for cities and towns that adopt specific zoning districts. It establishes tiered payments based on projected new housing units (e.g., $20,000 for up to 20% growth, $1.2 million for 501%+ growth) for "smart growth" and "starter home" zoning districts, plus $6,000 per new unit for completed housing in those districts. The bill also requires the state department to analyze these payments against housing costs (using the Consumer Price Index) to ensure consistency. These changes apply to tax years beginning January 1, 2026, and directly affect municipalities with approved zoning districts.