Disir
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- Sep 30, 2011
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Fee increase will leverage development market to support affordable housing and workforce development in Boston
BOSTON - 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. The increase was proposed by Mayor Walsh in February and follows unanimous approval by the Boston Planning & Development Agency Board and Boston Zoning Commission.
I am not sure that I am fully understanding how this works. Is this a one time fee or a fee that is paid yearly?
BOSTON - 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. The increase was proposed by Mayor Walsh in February and follows unanimous approval by the Boston Planning & Development Agency Board and Boston Zoning Commission.
Boston Mayor Walsh Signs 42 Percent Increase In Linkage Fees Into Law
Fee increase will leverage development market to support affordable housing and workforce development in Boston.
patch.com
I am not sure that I am fully understanding how this works. Is this a one time fee or a fee that is paid yearly?