The MBTA Communities Act: How Rezoning Affects Your Property Value
January 17, 2024By Maggie Li
The MBTA Communities Act: How Rezoning Affects Your Property Value
2024 is the deadline for many towns like Arlington and Newton to comply with the MBTA Communities Act. This is one of the biggest shifts in MA zoning history.
What It Means
Towns must create districts where multi-family housing is allowed 'by-right' near transit.
- For Homeowners: This could increase the value of land in designated zones as developers look for sites.
- For Neighbors: It means more 'missing middle' housing (duplexes/townhomes) in traditionally single-family areas.
Current Status
While some towns are debating the specifics, compliance is mandatory to keep state funding for infrastructure.
[[CTA]] Is your property in a new multi-family zone? Let's look at the local maps and see how this impacts your equity.