Massachusetts § 5M - Exemption for market rate units contained in a certified housing development project
Full text of Massachusetts Massachusetts General Laws § 5M — Exemption for market rate units contained in a certified housing development project, with citation guidance and answers to common questions.
§ 5M. Exemption for market rate units contained in a certified housing development project
Section 5M. A gateway municipality, as defined in section 1 of chapter 40V, may, by vote of its legislative body, subject to the charter of the municipality, establish an exemption in an amount not less than 10 per cent and not more than 100 per cent of the incremental value of the market rate units contained in a certified housing development project within a housing development zone under chapter 40V, for a period of not less than 5 years and not more than 20 years. For the purposes of this section, ''market rate residential unit'' shall mean a market rate residential unit as defined in section 1 of chapter 40V. Such exemption shall be approved by the executive office of housing and livable communities, as established in chapter 23B. The executive office shall promulgate applicable rules and regulations to carry out this section.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 5M
What does Massachusetts General Laws § 5M cover?
Section 5M ("Exemption for market rate units contained in a certified housing development project") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 5M?
A common citation format is "Massachusetts General Laws § 5M" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 5M apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.