State to cap profits on affordable housing law.
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The Patrick administration is planning new steps to control the lucrative profits pocketed by some developers of affordable housing projects, in response to growing outrage in Boston suburbs and criticism by the state inspector general. “The new administration is very concerned,” Mark Siegenthaler, policy director for the state Department of Housing and Community Development, told a group of town planners at an annual conference in Worcester yesterday. In his department’s first public response to the controversy, Siegenthaler said that the state will probably require developers to post a bond when they launch a project Source : accessmylibrary.com |