Valuation guidelines [for] multi-family and small residential properties featuring an affordable-housing component (Massachusetts general laws chapter 59)

Description

..."The purpose of this document is to explain the procedures the City of Boston Assessing Department uses with respect to the valuation of multi-family properties (including mixed-use properties) and small reidential properties featuring permanent deed restrictions of limited-equity provisions to maintain affordability. These guidelines also describe what project documents the Assessment Department requires to conduct an adequate review of any development and thereby establish a proper, fair-market assessment. Developers, lenders, equity providers, City agencies and other parties interested in residential development in Boston should find the information herin useful for planning and lending purposes."...

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