Article: Supreme Judicial Court Decision Protects The New England Fund, As Well As Other Affordable Housing Subsidy Programs.

In a landmark decision that will promote the further production of affordable housing in Massachusetts for years to come, last Friday (July 20, 2007) the Massachusetts Supreme Judicial Court (SJC) rejected a frontal attack on the primary funding program for Chapter 40B projects, the New England Fund (NEF) of the Federal Home Loan Bank of Boston. NEF has been the main engine of subsidized housing production in recent years, producing more than 14,000 units. This latest challenge to the Comprehensive Permit law was embodied in the Town of Middleborough's appeal in the case Middleborough vs. Housing Appeals Committee. By asking the SJC to invalidate NEF, a victory by the ...

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