Housing Development Incentive Program (HDIP)
One Ashburton Place
Room 2101
Boston , MA
02108
Tel:
(617) 788-3610
Overview
The Housing Development Incentive Program (HDIP), established as M.G.L., Chapter 40V, provides Gateway Cities with a development tool to increase residential growth, expand diversity of housing stock, support economic development, and promote neighborhood stabilization in designated areas. The program provides two tax incentives to developers to undertake substantial rehabilitation of properties for lease or sale as multi-unit market rate housing