An Act relative to incentivizing multi-family housing through redevelopment

This bill creates a program to incentivize multi-family housing redevelopment in rural areas. It allows the Department of Housing and Community Development to certify projects that substantially rehabilitate existing properties (not new construction) to include at least 80% market-rate units, provided they're located in designated rural areas. Municipalities must apply to have areas designated as rural, and projects must demonstrate alignment with local plans and potential to boost residential growth. The department must review certification applications within 90 days, with automatic 20-year approval if they fail to act.