Definitions

Terms used in M.G.L. c. 40V and not otherwise defined in 760 CMR 66.00 shall have the meaning set forth in M.G.L. c. 40V, § 1 and shall be capitalized in 760 CMR 66.00. Certified Housing Development Project (HD Project) - shall have the meaning set forth in M.G.L. c. 40V, § 1 and may consist of one or more newly constructed or existing buildings on one or more parcels of land that receive permitting and are financed as a single undertaking. Commissioner - shall mean the Commissioner of Revenue. Housing Development Zone (HD Zone) - shall have the meaning set forth in M.G.L. c. 40V, § 1 and may include areas in more than one Municipality provided that these areas are contiguous. Mixed-use - use of a parcel of real property for residential use in combination with other commercial, institutional, medical, educational, recreational or other uses provided that the use is compatible with residential housing. Municipality - a Gateway municipality as defined in M.G.L. c. 23A, § 3A and, for the purposes of 760 CMR 66.03 and 66.08, a Municipality designated as the lead Municipality pursuant to 760 CMR 66.03(5). Qualified Project Expenditure (QPE) - shall have the meaning set forth in M.G.L. c. 40V, § 1 including hard and soft costs related to the development of the Market Rate Residential Units except for acquisition costs. (MA REG. # 1336, Dated 4-7-17) Sponsor - with respect to undertaking a proposed HD Project, shall have the meaning set forth in M.G.L. c. 40V, § 1 provided that such entity or person is legally empowered and entitled to make commitments required to undertake and complete the proposed HD Project, and shall include any affiliated successor in interest formed to undertake the project. Substantial Rehabilitation, Substantially Rehabilitated - shall have the meaning set forth in M.G.L. c. 40V, § 1 including adding stories to an existing building, expanding the foot print of an existing building by building out, and rebuilding on a site after demolition of an existing building provided that the demolition does not commence prior to the date that the Department grants a Preliminary Certificate for the HD Project.